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Guideline Value

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Guideline Value for VIVEKANANDA NAGAR 10th MAIN ROAD

₹1320/sq.ft.

The guideline value for Vivekananda Nagar 10th Main Road 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 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)

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 Nagar 10th Main Road

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VIVEKANANDA NAGAR 10th MAIN ROAD guideline value

The current guideline value of VIVEKANANDA NAGAR 10th MAIN ROAD 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 NAGAR 10th MAIN ROAD has changed

The guideline value for VIVEKANANDA NAGAR 10th MAIN ROAD has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which later decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 1,320 per sq.ft in the 2024 revision, marking a 64% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for this street. The changes between the revisions highlight the fluctuations in property valuation over time, with the most recent adjustment reflecting a notable increase.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft as of 2024. The median guideline value for the area is Rs 1,650 per sq.ft, indicating that VIVEKANANDA NAGAR 10th MAIN ROAD's current value is below this median.

Stamp duty and registration fee for property in VIVEKANANDA NAGAR 10th MAIN ROAD

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 costs together to Rs 1,18,800. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculation, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VIVEKANANDA NAGAR 10th MAIN ROAD?

The Sub Registrar Office that covers VIVEKANANDA NAGAR 10th MAIN ROAD 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 is a crucial factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of VIVEKANANDA NAGAR 10th MAIN ROAD?

The current guideline value of VIVEKANANDA NAGAR 10th MAIN ROAD 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 significantly, with the 2012 revision at Rs 1,200 per sq.ft, decreasing to Rs 804 per sq.ft in 2017, and then increasing to Rs 1,320 per sq.ft in 2024.

What is the land classification for VIVEKANANDA NAGAR 10th MAIN ROAD?

The land classification for VIVEKANANDA NAGAR 10th MAIN ROAD is Residential Class IV Type - II.

Where can I find the registration office for this area?

The registration office for VIVEKANANDA NAGAR 10th MAIN ROAD 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.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total costs can amount to Rs 1,18,800.