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Guideline Value

Corporate

Guideline Value for VALLAL PARI NAGAR 5TH ST

₹1320/sq.ft.

The guideline value for Vallal Pari Nagar 5th St 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 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]
Records for a plot on Vallal Pari Nagar 5th St

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Vallal Pari Nagar 5th St guideline value

The current guideline value of Vallal Pari Nagar 5th St is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Vallal Pari Nagar 5th St has changed

The guideline value for Vallal Pari Nagar 5th St has seen several revisions over the years. The 2012 revision recorded a value of Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. This was followed by a significant increase to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. The overall change from the 2012 figure to the 2024 figure shows a modest increase of 10%. It is important to note that there are no registered figures for this street in the years 2002, 2003, and 2007.

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 guideline value for these streets is Rs 1,650 per sq.ft, indicating that Vallal Pari Nagar 5th St's 2024 figure is below this median.

Stamp duty and registration fee for property in Vallal Pari Nagar 5th St

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 to Rs 1,18,800. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vallal Pari Nagar 5th St?

The Sub Registrar Office covering Vallal Pari Nagar 5th St 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, Chennai registration zone.

You can find your SRO for more details.

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 that all transactions are recorded fairly and transparently.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vallal Pari Nagar 5th St?

The current guideline value of Vallal Pari Nagar 5th St 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 from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value for streets in Pallikaranai?

The median guideline value for streets in Pallikaranai under the Chennai South Joint I SRO is Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for properties in Vallal Pari Nagar 5th St?

For a 1,000 sq.ft property, the total guideline value is Rs 13,20,000, with stamp duty at Rs 92,400 and registration fees at Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Vallal Pari Nagar 5th St?

The Chennai South Joint I Sub Registrar Office covers Vallal Pari Nagar 5th St, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.