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Guideline Value

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Guideline Value for VEERAPANDI NAGAR 1 TO 8 STREETS

₹1960/sq.ft.

The guideline value for Veerapandi Nagar 1 To 8 Streets in Nanmangalam village (Pallavaram SRO, Chengalpattu zone) is Rs 1960 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nanmangalam

Village

Pallavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1960 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Veerapandi Nagar 1 To 8 Streets

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Veerapandi Nagar 1 To 8 Streets guideline value

The current guideline value for Veerapandi Nagar 1 To 8 Streets is Rs 1,960 per sq.ft, effective from 1 July 2024. This area is located in Nanmangalam village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Veerapandi Nagar 1 To 8 Streets has changed

Over the years, the guideline value for Veerapandi Nagar 1 To 8 Streets has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then to Rs 1,960 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The most recent change from 2023 to 2024 reflects a 9% increase, culminating in an overall rise of 9% from 2012 to 2024.

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, indicating that the guideline value for Veerapandi Nagar 1 To 8 Streets is below this median.

Stamp duty and registration fee for property in Veerapandi Nagar 1 To 8 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,960 per sq.ft, the total guideline value would be Rs 19,60,000. The stamp duty at 7% would amount to Rs 1,37,200, while the registration fee at 2% would be Rs 39,200, bringing the total cost to Rs 1,76,400. It is important to note that the 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 Veerapandi Nagar 1 To 8 Streets?

The Veerapandi Nagar 1 To 8 Streets fall under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Nanmangalam, the guideline value will be used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value for Veerapandi Nagar 1 To 8 Streets?

The current guideline value for Veerapandi Nagar 1 To 8 Streets is Rs 1,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,960 per sq.ft in 2024.

What is the land classification for Veerapandi Nagar 1 To 8 Streets?

Veerapandi Nagar 1 To 8 Streets is classified as Residential Class II Type - I.

What is the registration office for Veerapandi Nagar?

The registration office for Veerapandi Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Veerapandi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total cost of Rs 1,76,400, including stamp duty and registration fees.