Guideline Value

Corporate

Guideline Value for Shanthi Nagar 4th Street

₹2750/sq.ft.

The guideline value for Shanthi Nagar 4th 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 Street

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Shanthi Nagar 4th Street guideline value

The current guideline value of Shanthi Nagar 4th Street is Rs 2,750 per sq.ft. This street is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Shanthi Nagar 4th Street has changed

The guideline value for Shanthi Nagar 4th Street has seen several revisions over the years. In 2003, the guideline 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 jumped to Rs 2,500 per sq.ft in 2012, reflecting an increase of 317%. However, there was a decrease 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 currently, it stands at Rs 2,750 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

It is important to note that there is no figure available for the 2002 revision in the register. Overall, from 2003 to 2024, the guideline value has increased by 589%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are a total of 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 for these streets is Rs 3,300 per sq.ft, which indicates that the 2024 figure for Shanthi Nagar 4th Street is below this median.

Stamp duty and registration fee for property in Shanthi Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts 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, totaling Rs 2,47,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shanthi Nagar 4th Street?

The Sub Registrar Office that covers Shanthi Nagar 4th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Zaminpallavaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property. Buyers should be aware that the guideline value is used to determine the official value of the property for these purposes.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This helps maintain transparency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Shanthi Nagar 4th 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 significantly over the years, increasing from Rs 399 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 589%.

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

The land classification for Shanthi Nagar 4th Street is Residential Class II Type - I, indicating its suitability for residential development.

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 registrations for Shanthi Nagar 4th Street?

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