Guideline Value

Corporate

Guideline Value for VALMIKI STREET

₹1650/sq.ft.

The guideline value for Valmiki Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹111 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹94 /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 Valmiki Street

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Valmiki Street guideline value

The current guideline value of Valmiki Street in Pallikaranai village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Valmiki Street has changed

The guideline value for Valmiki Street has undergone several revisions since 2002. In 2002, the value was Rs 94 per sq.ft, which increased to Rs 111 per sq.ft in 2003, marking an 18% rise. By 2007, the guideline value surged to Rs 400 per sq.ft, reflecting a 260% increase. The value remained at Rs 400 per sq.ft until 2012, when it was revised to Rs 1,500 per sq.ft, representing a substantial 275% increase.

In 2023, the guideline value was Rs 1,500 per sq.ft, and in 2024, it was revised to Rs 1,650 per sq.ft, showing a 10% increase. Notably, there is no figure available for the year 2017 in the register for Valmiki Street. Overall, from 2002 to 2024, the guideline value has increased by 1655%.

Guideline values in Pallikaranai

In Pallikaranai, there are 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, which is equal to the current value of Valmiki Street.

Stamp duty and registration fee for property in Valmiki Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Valmiki Street?

The Sub Registrar Office covering Valmiki Street 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. 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 property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure accurate calculations during the registration process.

When registering a property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the property's guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Valmiki Street?

The current guideline value of Valmiki Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 94 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, reflecting a significant overall increase of 1655% over this period.

What is the land classification for Valmiki Street?

Valmiki Street is classified as Residential Class IV Type - I according to the Chennai South Joint I SRO.

What are the other streets in Pallikaranai with their guideline values?

Other streets in Pallikaranai include Vallal Pari Nagar / Extn, Vallal Pari Nagar 9th Cross St, Vallal Pari Nagar 7th St, Vallal Pari Nagar 6th St, Vallal Pari Nagar 5th St, and Vallal Pari Nagar 14th St 1st Sri Nagar Ext, all with a guideline value of Rs 1,320 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Valmiki Street?

The Sub Registrar Office for Valmiki Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.