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Guideline Value

Corporate

Guideline Value for TAMIZHAR QUARTERS EXTN.

₹1650/sq.ft.

The guideline value for Tamizhar Quarters Extn. in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹58 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Tamizhar Quarters Extn.

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Tamizhar Quarters Extn. guideline value

The current guideline value of Tamizhar Quarters Extn. is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification is Residential Class IV Type - I.

How the guideline value of Tamizhar Quarters Extn. has changed

The guideline value for Tamizhar Quarters Extn. has undergone several revisions over the years. In 2002, the guideline value was Rs 58 per sq.ft. This increased to Rs 100 per sq.ft in 2003, marking a 72% rise. By 2007, the value saw a significant jump to Rs 400 per sq.ft, which is a 300% increase from the previous revision. The 2012 revision set the value at Rs 1,500 per sq.ft, reflecting a remarkable 275% increase from 2007.

The latest revision in 2024 brought the guideline value to Rs 1,650 per sq.ft, which is a 10% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 2,745%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is the same as the current value for Tamizhar Quarters Extn.

Stamp duty and registration fee for property in Tamizhar Quarters Extn.

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% amounts to Rs 1,15,500, while the registration fee at 2% is Rs 33,000. Together, these fees total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Tamizhar Quarters Extn.?

The Sub Registrar Office that covers Tamizhar Quarters Extn. is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are charged based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Tamizhar Quarters Extn.?

The current guideline value of Tamizhar Quarters Extn. is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 58 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, which is an overall increase of 2,745% over this period.

What are the other streets in Pallikaranai and their guideline values?

Other streets in Pallikaranai include Tankview 1st Street, Tankview 2nd Street, Tankview Street, Syndicate Bank Colony, and Thaai Nagar, with guideline values ranging from Rs 1,320 to Rs 2,750 per sq.ft in 2024.

What fees are associated with buying property in Tamizhar Quarters Extn.?

When buying property in Tamizhar Quarters Extn., buyers must pay stamp duty at 7% and a registration fee at 2% based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Tamizhar Quarters Extn.?

The Sub Registrar Office for Tamizhar Quarters Extn. is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.