Guideline Value

Corporate

Guideline Value for VALLAL PARI NAGAR

₹1320/sq.ft.

The guideline value for Vallal Pari Nagar 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 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 ₹146 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹124 /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 Vallal Pari Nagar

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Vallal Pari Nagar guideline value

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

How the guideline value of Vallal Pari Nagar has changed

The guideline value for Vallal Pari Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 124 per sq.ft, which increased to Rs 146 per sq.ft in 2003, marking an 18% rise. The value then experienced a substantial increase of 722% to reach Rs 1,200 per sq.ft in 2012. This figure remained unchanged until the 2023 revision, where it was again Rs 1,200 per sq.ft. The latest revision in 2024 saw a 10% increase, bringing the current value to Rs 1,320 per sq.ft.

It is important to note that the register has no figures for the years 2007 and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 965%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO with 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, making Vallal Pari Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Vallal Pari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallal Pari Nagar?

The Vallal Pari Nagar area is covered 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. 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 an essential factor when registering property transactions in Pallikaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property, which is used for the registration process. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vallal Pari Nagar?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 124 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, which is a total increase of 965%.

What are the stamp duty rates for properties in Vallal Pari Nagar?

The stamp duty for properties in Vallal Pari Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vallal Pari Nagar?

The Sub Registrar Office covering Vallal Pari Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the median guideline value in Pallikaranai?

The median guideline value for streets in Pallikaranai is Rs 1,650 per sq.ft, which is higher than the current guideline value of Vallal Pari Nagar.