Guideline Value

Corporate

Guideline Value for Srinivasa Perumal Nagar

₹660/sq.ft.

The guideline value for Srinivasa Perumal Nagar in Panapakkam village (Padappai SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 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:

Chennai

Zone

Panapakkam

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Srinivasa Perumal Nagar

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Srinivasa Perumal Nagar guideline value

The current guideline value of Srinivasa Perumal Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Panapakkam village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Srinivasa Perumal Nagar has changed

The guideline value for Srinivasa Perumal Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then further to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. When considering the overall change from 2012 to 2024, the value has increased by 10%, reflecting the fluctuations in the guideline value over the years.

Guideline values in Panapakkam

In Panapakkam, there are 28 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 550 to Rs 990 per sq.ft. The median value for these streets is Rs 770 per sq.ft, making the guideline value of Srinivasa Perumal Nagar below this median.

Stamp duty and registration fee for property in Srinivasa Perumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that 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 Srinivasa Perumal Nagar?

The Sub Registrar Office that covers Srinivasa Perumal Nagar 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 Panapakkam

The guideline value is a crucial factor during property registration in Panapakkam. It determines the amount of stamp duty and registration fees that need to be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value as it directly impacts the overall cost of registration. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Nagar?

The current guideline value of Srinivasa Perumal Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the stamp duty rate for properties in Srinivasa Perumal Nagar?

The stamp duty rate for properties in Srinivasa Perumal Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Srinivasa Perumal Nagar?

The Sub Registrar Office for Srinivasa Perumal Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the registration fee for properties in Srinivasa Perumal Nagar?

The registration fee for properties in Srinivasa Perumal Nagar is 2% of the guideline value or sale price, whichever is higher.