Guideline Value

Corporate

Guideline Value for THIRU.VI.KA. STREET

₹1320/sq.ft.

The guideline value for Thiru.vi.ka. Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹106 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹90 /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 Thiru.vi.ka. Street

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Thiru.VI.Ka. Street guideline value

The current guideline value of Thiru.VI.Ka. Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - II.

How the guideline value of Thiru.VI.Ka. Street has changed

The guideline value for Thiru.VI.Ka. Street has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 90 per sq.ft. It increased to Rs 106 per sq.ft in 2003, marking an 18% rise. The value further increased dramatically to Rs 400 per sq.ft in 2007, reflecting a 277% change. In 2012, the value was Rs 1,200 per sq.ft, showing a 200% increase from the previous revision. However, it then dropped to Rs 804 per sq.ft in 2017, which was a decrease of 33%. The value rose to Rs 1,200 per sq.ft in 2023, followed by a further increase to Rs 1,320 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,367%. There are no figures available for any other revisions for this street in the register.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Thiru.VI.Ka. Street's 2024 figure below this median.

Stamp duty and registration fee for property in Thiru.VI.Ka. Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value is Rs 13,20,000. The stamp duty at 7% amounts to Rs 92,400, and the registration fee at 2% is Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiru.VI.Ka. Street?

The Sub Registrar Office for Thiru.VI.Ka. Street 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state government collects appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiru.VI.Ka. Street?

The current guideline value of Thiru.VI.Ka. Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 90 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1,367% over the years.

What is the median guideline value for streets in Pallikaranai?

The median guideline value for streets in Pallikaranai is Rs 1,650 per sq.ft, which is higher than the current value of Thiru.VI.Ka. Street.

What are the stamp duty and registration fees for property in Thiru.VI.Ka. Street?

For a property valued at Rs 1,320 per sq.ft, the stamp duty is 7%, amounting to Rs 92,400, and the registration fee is 2%, amounting to Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Thiru.VI.Ka. Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thiru.VI.Ka. Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.