Guideline Value

Corporate

Guideline Value for Shanthi Nagar 4th Cross Street

₹2750/sq.ft.

The guideline value for Shanthi Nagar 4th 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 ₹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 4th Cross Street

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Shanthi Nagar 4th Cross Street guideline value

The current guideline value of Shanthi Nagar 4th Cross Street is Rs 2,750 per sq.ft. 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 4th Cross Street has changed

The guideline value for Shanthi Nagar 4th Cross Street has undergone several revisions over the years. In 2003, the value was Rs 399 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The value then saw a significant rise to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the current value from the 2024 revision is Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Notably, the register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 589%. The changes between the revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 317% increase from 2007 to 2012, and a 50% increase from 2003 to 2007.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Shanthi Nagar 4th Cross Street's value below this median.

Stamp duty and registration fee for property in Shanthi Nagar 4th 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 comes to 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 stamp duty and registration fee is Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanthi Nagar 4th Cross Street?

The Shanthi Nagar 4th Cross Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Zaminpallavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These costs are based on the higher of the guideline value and the actual sale price, ensuring that all transactions are fairly assessed.

Frequently asked questions

What is the current guideline value of Shanthi Nagar 4th Cross Street?

The current guideline value of Shanthi Nagar 4th Cross Street is Rs 2,750 per sq.ft as per the 2024 revision.

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 is the land classification for Shanthi Nagar 4th Cross Street?

Shanthi Nagar 4th Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Shanthi Nagar 4th Cross Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 27,50,000, the total stamp duty and registration fees would amount to Rs 2,47,500.