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Guideline Value

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Guideline Value for VA.VO.CEE. STREET(NEAR ECR)

₹2800/sq.ft.

The guideline value for Va.vo.cee. Street(near Ecr) in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /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 ₹1000 /sq.ft.
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Va.vo.cee. Street(near Ecr)

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Va.Vo.Cee. Street(Near Ecr) guideline value

The current guideline value of Va.Vo.Cee. Street(Near Ecr) is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Va.Vo.Cee. Street(Near Ecr) has changed

The guideline value for Va.Vo.Cee. Street(Near Ecr) has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 150%. However, the value then decreased to Rs 1,675 per sq.ft in the 2017 revision, showing a decline of 33%. The 2023 revision set the value at Rs 2,500 per sq.ft, and the most recent 2024 revision has increased it to Rs 2,800 per sq.ft, which is a 12% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 180%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, indicating that Va.Vo.Cee. Street(Near Ecr) is below this median.

Stamp duty and registration fee for property in Va.Vo.Cee. Street(Near Ecr)

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Va.Vo.Cee. Street(Near Ecr)?

The Sub Registrar Office that covers Va.Vo.Cee. Street(Near Ecr) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial aspect when registering property transactions in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the registration office will assess the guideline value to calculate the applicable duties. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher figure will be used to determine the fees.

Frequently asked questions

What is the current guideline value of Va.Vo.Cee. Street(Near Ecr)?

The current guideline value of Va.Vo.Cee. Street(Near Ecr) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,000 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, and again from 2023 to 2024.

What is the land classification for Va.Vo.Cee. Street(Near Ecr)?

The land classification for Va.Vo.Cee. Street(Near Ecr) is Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 2,52,000.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Va.Vo.Cee. Street(Near Ecr), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.