Guideline Value

Corporate

Guideline Value for Shanthi Nagar Main Road

₹2750/sq.ft.

The guideline value for Shanthi Nagar 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.
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 Main Road

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Shanthi Nagar Main Road guideline value

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

How the guideline value of Shanthi Nagar Main Road has changed

The guideline value for Shanthi Nagar Main Road 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 unchanged at Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 has increased the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase 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 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. The median guideline value in the village is Rs 3,300 per sq.ft, positioning Shanthi Nagar Main Road below this median.

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

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

Which Sub Registrar Office covers Shanthi Nagar Main Road?

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

To find your Sub Registrar Office, 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 during property registration in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the applicable charges, which are based on the higher value between the guideline and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shanthi Nagar Main Road?

The current guideline value of Shanthi Nagar 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 increased from Rs 399 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking a total increase of 589% over this period.

What is the registration office for Shanthi Nagar Main Road?

The registration office for Shanthi Nagar Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at the rate of 7%.

Are there other streets with the same guideline value?

Yes, several other streets in Zaminpallavaram have the same guideline value of Rs 2,750 per sq.ft for 2024, including Shanthi Nagar 5th Street, Shanthi Nagar 5th Cross Street, and others.