Guideline Value

Corporate

Guideline Value for THIRUVENGADAM NAGAR

₹1320/sq.ft.

The guideline value for Thiruvengadam Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /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)

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]

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Thiruvengadam Nagar guideline value

The current guideline value of Thiruvengadam Nagar, located in Pallikaranai village under the Chennai South Joint I SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - II land classification.

How the guideline value of Thiruvengadam Nagar has changed

The guideline value for Thiruvengadam Nagar was last revised in 2024, where it was set at Rs 1,320 per sq.ft. Prior to this, the 2012 revision recorded a guideline value of Rs 1,200 per sq.ft, indicating a change of +10% from 2012 to 2024. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only recorded revisions for Thiruvengadam Nagar are from 2012 to 2024, with no figures available for the intervening years. The consistent increase from the 2012 figure to the current 2024 value reflects the adjustments made over the years.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft as of 2024. The median value for these streets is Rs 1,650 per sq.ft, placing Thiruvengadam Nagar's 2024 guideline value below this median.

Stamp duty and registration fee for property in Thiruvengadam Nagar

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

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvengadam Nagar?

The Thiruvengadam Nagar area falls under 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. For further details, you can find your SRO.

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 stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property transaction occurs, the guideline value helps in establishing the minimum value on which duties are levied. Buyers and sellers should be aware that the registration fees will be based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Thiruvengadam Nagar?

The current guideline value of Thiruvengadam Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thiruvengadam Nagar has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,320 per sq.ft in 2024, reflecting a +10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value in Pallikaranai?

The median guideline value for streets in Pallikaranai is Rs 1,650 per sq.ft as of 2024. Thiruvengadam Nagar's guideline value is below this median.

What are the stamp duty and registration fees for properties in Thiruvengadam Nagar?

For a property of 1,000 sq.ft at the guideline value of Rs 1,320 per sq.ft, the total guideline value is Rs 13,20,000. The stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles the registration for Thiruvengadam Nagar?

The registration for Thiruvengadam Nagar is handled by 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.