Guideline Value

Corporate

Guideline Value for Shanthi Nagar 1st Street

₹2750/sq.ft.

The guideline value for Shanthi Nagar 1st 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 ₹1675 /sq.ft.
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 Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Shanthi Nagar 1st Street guideline value

The current guideline value of Shanthi Nagar 1st 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 Street has changed

The guideline value for Shanthi Nagar 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 399 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a significant rise of 50%. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting a substantial increase of 317%. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,500 per sq.ft in 2023 and finally reached Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Shanthi Nagar 1st Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 589%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, positioning Shanthi Nagar 1st Street's 2024 figure below this median.

Stamp duty and registration fee for property in Shanthi Nagar 1st 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 be Rs 27,50,000. The stamp duty, charged at 7%, would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. In total, the costs would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Shanthi Nagar 1st Street?

The Sub Registrar Office that covers Shanthi Nagar 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the sale price, which can impact the overall expense of the transaction.

Frequently asked questions

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

The current guideline value of Shanthi Nagar 1st 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 this period.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total costs would be Rs 2,47,500, which includes stamp duty and registration fees based on the guideline value.

Which Sub Registrar Office is responsible for Shanthi Nagar 1st Street?

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

What is the land classification of Shanthi Nagar 1st Street?

Shanthi Nagar 1st Street is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.