Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sivagamiammal Colony 1st M. Road

₹2970/sq.ft.

The guideline value for Sivagamiammal Colony 1st M. Road in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
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 Sivagamiammal Colony 1st M. Road

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

Sivagamiammal Colony 1st M. Road guideline value

The current guideline value of Sivagamiammal Colony 1st M. Road is Rs 2,970 per sq.ft. This street is located in Hastinapuram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sivagamiammal Colony 1st M. Road has changed

The guideline value for Sivagamiammal Colony 1st M. Road has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 2,700 per sq.ft in 2012, marking a rise of 286%. However, from 2012 to 2017, the value decreased to Rs 1,809 per sq.ft, a drop of 33%. The guideline value then increased to Rs 2,700 per sq.ft in 2023, reflecting a 49% increase from 2017.

The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 2,970 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 324%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, which is the same as the current guideline value for Sivagamiammal Colony 1st M. Road.

Stamp duty and registration fee for property in Sivagamiammal Colony 1st M. Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total fees to Rs 2,67,300. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sivagamiammal Colony 1st M. Road?

The Sivagamiammal Colony 1st M. Road is covered by 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Hastinapuram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Sivagamiammal Colony 1st M. Road?

The current guideline value of Sivagamiammal Colony 1st M. Road is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 324% over this period.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot would incur total fees of Rs 2,67,300.

Which office handles property registrations in Sivagamiammal Colony 1st M. Road?

The Pallavaram Sub Registrar Office handles property registrations for Sivagamiammal Colony 1st M. Road, located at 7th Main Road, New Colony, Chromepet, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum value for calculating stamp duty and registration fees during property transactions, ensuring compliance with legal requirements.