Guideline Value

Corporate

Guideline Value for Shanthi Nagar 1st Cross Street

₹2750/sq.ft.

The guideline value for Shanthi Nagar 1st Cross Street in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹399 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Shanthi Nagar 1st Cross Street

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Shanthi Nagar 1st Cross Street guideline value

The current guideline value of Shanthi Nagar 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Shanthi Nagar 1st Cross Street has changed

The guideline value for Shanthi Nagar 1st Cross Street has seen several revisions over the years. Starting from Rs 399 per sq.ft in 2003, it increased to Rs 600 per sq.ft in 2007, marking a significant rise of 50%. The value remained stable at Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw an increase to Rs 2,750 per sq.ft, which is a 10% rise from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 589%. Notably, there are no figures available for the years 2002 and 2017 in the register for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Shanthi Nagar 1st Cross Street's 2024 figure below this median.

Stamp duty and registration fee for property in Shanthi Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would amount to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthi Nagar 1st Cross Street?

The Sub Registrar Office that covers Shanthi Nagar 1st Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Zaminpallavaram

The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shanthi Nagar 1st Cross Street?

The current guideline value of Shanthi Nagar 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 399 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 589% over the years.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations in Shanthi Nagar 1st Cross Street?

The Pallavaram Sub Registrar Office handles property registrations for Shanthi Nagar 1st Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Shanthi Nagar 1st Cross Street?

Shanthi Nagar 1st Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.