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Guideline Value

Corporate

Guideline Value for Sri Panchalai Amman Nagar/Extn

₹1980/sq.ft.

The guideline value for Sri Panchalai Amman Nagar/extn in Perungalathur village (Padappai SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Panchalai Amman Nagar/extn

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Sri Panchalai Amman Nagar/Extn guideline value

The current guideline value of Sri Panchalai Amman Nagar/Extn is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sri Panchalai Amman Nagar/Extn has changed

The guideline value for Sri Panchalai Amman Nagar/Extn has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in 2012, marking an increase of 800%. However, it then decreased to Rs 1,206 per sq.ft in 2017, a reduction of 33%. Following this, the value rose to Rs 1,800 per sq.ft in 2023, and most recently, it has reached Rs 1,980 per sq.ft in 2024, reflecting a 10% increase.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 890%, demonstrating significant changes over the years.

Guideline values in Perungalathur

Within Perungalathur, there are 411 streets under the Padappai SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, placing the current guideline value of Sri Panchalai Amman Nagar/Extn below this median.

Stamp duty and registration fee for property in Sri Panchalai Amman Nagar/Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to 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 Sri Panchalai Amman Nagar/Extn?

The Sub Registrar Office that covers Sri Panchalai Amman Nagar/Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for both buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. Ensuring that the correct guideline value is applied helps in avoiding any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Sri Panchalai Amman Nagar/Extn?

The current guideline value of Sri Panchalai Amman Nagar/Extn is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 200 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890%.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,78,200.

Which office handles property registrations in Sri Panchalai Amman Nagar/Extn?

The Padappai Sub Registrar Office handles property registrations for Sri Panchalai Amman Nagar/Extn, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees required during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.