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Guideline Value

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Guideline Value for Thiruvalluvar Nagar (Erikarai Ull Vai)

₹2750/sq.ft.

The guideline value for Thiruvalluvar Nagar (erikarai Ull Vai) in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹255 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Thiruvalluvar Nagar (erikarai Ull Vai)

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Thiruvalluvar Nagar (Erikarai Ull Vai) guideline value

The current guideline value of Thiruvalluvar Nagar (Erikarai Ull Vai) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar (Erikarai Ull Vai) has changed

The guideline value for Thiruvalluvar Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 255 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. The value then rose dramatically by 317% to Rs 2,500 per sq.ft in 2012. However, it decreased by 33% to Rs 1,675 per sq.ft in 2017, before increasing again to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 978%. The register has no figure for this street in 2002.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for the village is Rs 3,300 per sq.ft, placing Thiruvalluvar Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar (Erikarai Ull Vai)

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar (Erikarai Ull Vai)?

The Sub Registrar Office that covers Thiruvalluvar Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property transaction. Buyers and sellers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps ensure compliance with local regulations and accurate financial planning during property transactions. It is advisable to check the latest revisions and consult with professionals to navigate the registration process effectively.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar?

The current guideline value of Thiruvalluvar Nagar (Erikarai Ull Vai) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 255 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 978% over the years.

What is the classification of land in Thiruvalluvar Nagar?

Thiruvalluvar Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar?

The Sub Registrar Office for Thiruvalluvar Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for property in Thiruvalluvar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,750 per sq.ft would incur a stamp duty of Rs 1,92,500.