Guideline Value

Corporate

Guideline Value for VARADHAPPA NAGAR

₹200/sq.ft.

The guideline value for Varadhappa Nagar in Podaturpet village (Pallipattu SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Podaturpet

Village

Pallipattu

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207
044-27843480
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Varadhappa Nagar

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Varadhappa Nagar guideline value

The current guideline value of Varadhappa Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Podaturpet village, under the Pallipattu SRO, and is classified as Residential Class II Type - I.

How the guideline value of Varadhappa Nagar has changed

The guideline value for Varadhappa Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 200 per sq.ft. The 2024 revision also maintains the guideline value at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the same value in the last two revisions.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Varadhappa Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Varadhappa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that 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 Varadhappa Nagar?

Varadhappa Nagar falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Podaturpet. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property.

When selling a property, the guideline value is also considered to ensure that the sale price is in accordance with the registered value. This helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Varadhappa Nagar?

The current guideline value of Varadhappa Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property in Varadhappa Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Which office handles property registrations in Varadhappa Nagar?

The Pallipattu Sub Registrar Office handles property registrations for Varadhappa Nagar, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is the guideline value determined for properties in Podaturpet?

The guideline value for properties in Podaturpet is determined based on various factors and is revised periodically. It is used to establish the stamp duty and registration fees applicable during property transactions.