Guideline Value

Corporate

Guideline Value for VEERASAMY NAGAR EXTN.

₹1650/sq.ft.

The guideline value for Veerasamy Nagar Extn. in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. 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 N/A
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 ₹161 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹137 /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 Veerasamy Nagar Extn.

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Veerasamy Nagar Extn. guideline value

The current guideline value of Veerasamy Nagar Extn. is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village under the Chennai South Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Veerasamy Nagar Extn. has changed

The guideline value for Veerasamy Nagar Extn. has seen significant changes over the years. In 2002, the value was Rs 137 per sq.ft, which increased to Rs 161 per sq.ft in 2003, marking an 18% rise. The value then jumped to Rs 400 per sq.ft in 2007, reflecting a substantial increase of 148%. By 2012, the guideline value rose dramatically to Rs 1,500 per sq.ft, a 275% increase from the previous revision.

From 2012 to 2024, the guideline value further increased to Rs 1,650 per sq.ft, which is a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 1104%. It is worth noting that there are no figures available for the revisions in 2017 and 2023 for this street.

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, with the median being Rs 1,650 per sq.ft. The guideline value for Veerasamy Nagar Extn. aligns with this median.

Stamp duty and registration fee for property in Veerasamy Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling 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 further assistance.

Which Sub Registrar Office covers Veerasamy Nagar Extn.?

The Sub Registrar Office that covers Veerasamy Nagar Extn. 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 information.

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

The guideline value plays a crucial role 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 transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Veerasamy Nagar Extn.?

The current guideline value of Veerasamy Nagar Extn. 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 significantly from Rs 137 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 1104% over the years.

What are the other streets with the same guideline value in Pallikaranai?

Other streets in Pallikaranai with the same guideline value of Rs 1,650 per sq.ft include Veerasamy Nagar 4th Street, Veerasamy Nagar Layout, Veerasamy Nagar 1st Street, Veerasamy Nagar, and Veerasmay Nagar 3rd Street.

What is the stamp duty rate for property in Veerasamy Nagar Extn.?

The stamp duty rate for property in Veerasamy Nagar Extn. is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Veerasamy Nagar Extn.?

The Sub Registrar Office for Veerasamy Nagar Extn. 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.