Guideline Value for Shanthi Nagar 2nd Main Road
₹2750/sq.ft.
The guideline value for Shanthi Nagar 2nd Main Road 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.
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[email protected], [email protected]
Records for a plot on Shanthi Nagar 2nd Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pallavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Shanthi Nagar 2nd Main Road guideline value
The current guideline value of Shanthi Nagar 2nd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class II Type - I.
How the guideline value of Shanthi Nagar 2nd Main Road has changed
Over the years, the guideline value of Shanthi Nagar 2nd Main Road has seen several revisions. Starting from Rs 399 per sq.ft in 2003, the value increased to Rs 600 per sq.ft in 2007, marking a significant rise of 50%. The value remained unchanged 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, reflecting a 10% rise from the previous year.
There are no figures available for the years 2017 and 2002 in the register for this street. 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, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which means that the guideline value of Shanthi Nagar 2nd Main Road is below this median.
- Shanthi Nagar 2nd Cross Street: Rs 2,750 per sq.ft (2024)
- Shanthi Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
- Shanthi Nagar 1st Street: Rs 2,750 per sq.ft (2024)
- Shanthi Nagar 3rd Cross Street: Rs 2,750 per sq.ft (2024)
- Shanthi Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
- Shanthi Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
Stamp duty and registration fee for property in Shanthi Nagar 2nd Main Road
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%, amounts to Rs 1,92,500, while the registration fee at 2% is Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. It's important to note that duty is charged on the higher of the guideline value or the sale price.
For further calculations, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Shanthi Nagar 2nd Main Road?
The Sub Registrar Office covering Shanthi Nagar 2nd Main Road 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 registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented at a fair and transparent rate.
When a buyer or seller engages in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.
Frequently asked questions
What is the current guideline value of Shanthi Nagar 2nd Main Road?
The current guideline value of Shanthi Nagar 2nd Main Road 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, with significant increases noted in several revisions.
What is the stamp duty rate for property transactions?
The stamp duty for property transactions in this area is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Shanthi Nagar?
The Sub Registrar Office for Shanthi Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.
What is the land classification of Shanthi Nagar 2nd Main Road?
Shanthi Nagar 2nd Main Road is classified as Residential Class II Type - I.
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