Guideline Value

Corporate

Guideline Value for Sivaraj MainRoad

₹2420/sq.ft.

The guideline value for Sivaraj Mainroad in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 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

Thiruneermalai

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹274 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[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 Sivaraj Mainroad

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Sivaraj MainRoad guideline value

The current guideline value of Sivaraj MainRoad in Thiruneermalai village is Rs 2,420 per sq.ft, effective from 1 July 2024. This property falls under the Pammal Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Sivaraj MainRoad has changed

The guideline value for Sivaraj MainRoad has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 274 per sq.ft. This increased to Rs 350 per sq.ft in 2007, marking a change of +28%. The next revision in 2017 saw a significant jump to Rs 1,474 per sq.ft, an increase of +321%. In 2023, the value was revised to Rs 2,200 per sq.ft, reflecting a +49% change from the previous figure. The most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft, a +10% increase from 2023.

There are no figures recorded for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by +783%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which is equal to the current figure for Sivaraj MainRoad.

Stamp duty and registration fee for property in Sivaraj MainRoad

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, making the total charges Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivaraj MainRoad?

The Sivaraj MainRoad is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thiruneermalai

The guideline value is a crucial factor during the registration process of property transactions in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the necessary fees, ensuring that all transactions are conducted fairly and transparently according to the established rates.

Frequently asked questions

What is the current guideline value of Sivaraj MainRoad?

The current guideline value of Sivaraj MainRoad is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 274 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, marking an overall increase of +783%.

What are the stamp duty and registration fees for properties in Sivaraj MainRoad?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles property registrations for Sivaraj MainRoad?

The Pammal Sub Registrar Office handles property registrations for Sivaraj MainRoad, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

The guideline value is used to determine the stamp duty and registration fees during property transactions, serving as an official benchmark for the pricing of properties in the area.