Guideline Value

Corporate

Guideline Value for VIVEKANANDA CROSS STREET

₹1320/sq.ft.

The guideline value for Vivekananda Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹79 /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 Vivekananda Cross Street

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Vivekananda Cross Street guideline value

The current guideline value of Vivekananda Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Vivekananda Cross Street has changed

The guideline value for Vivekananda Cross Street has seen several revisions over the years. Starting from Rs 79 per sq.ft in 2002, it increased to Rs 100 per sq.ft in 2003, marking a 27% rise. The value then jumped significantly to Rs 400 per sq.ft in 2007, reflecting a 300% increase. In 2012, the value reached Rs 1,200 per sq.ft, which was a substantial 200% increase from the previous revision. However, the 2017 revision saw a decrease to Rs 804 per sq.ft, a decline of 33% from 2012. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase of 64% from 2017.

The register has no figure for this street in 2023. Overall, from 2002 to 2024, the guideline value has increased by 1571%.

Guideline values in Pallikaranai

Pallikaranai has a total of 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 guideline value in this area is Rs 1,650 per sq.ft, indicating that Vivekananda Cross Street's 2024 figure is below that median.

Stamp duty and registration fee for property in Vivekananda Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the 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 Vivekananda Cross Street?

The Vivekananda Cross Street falls under 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 a crucial factor when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate transactions. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vivekananda Cross Street?

The current guideline value of Vivekananda Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 79 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1571% over the years.

What is the land classification for Vivekananda Cross Street?

The land classification for Vivekananda Cross Street is Residential Class IV Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Vivekananda Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.