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Guideline Value

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Guideline Value for VIVEKANANDA NAGAR 11thMAIN ROAD

₹1320/sq.ft.

The guideline value for Vivekananda Nagar 11thmain 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 11thmain Road

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VIVEKANANDA NAGAR 11thMAIN ROAD guideline value

The current guideline value of VIVEKANANDA NAGAR 11thMAIN ROAD is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of VIVEKANANDA NAGAR 11thMAIN ROAD has changed

The guideline value for VIVEKANANDA NAGAR 11thMAIN ROAD has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. However, the most recent revision in 2024 has increased the guideline value to Rs 1,320 per sq.ft, marking a 64% increase from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2023 for this street. The revisions show a significant fluctuation, particularly from 2012 to 2017, where there was a decrease of 33% in the guideline value.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing VIVEKANANDA NAGAR 11thMAIN ROAD's 2024 figure below the median.

Stamp duty and registration fee for property in VIVEKANANDA NAGAR 11thMAIN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost to Rs 1,18,800. 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 more detailed calculations.

Which Sub Registrar Office covers VIVEKANANDA NAGAR 11thMAIN ROAD?

The VIVEKANANDA NAGAR 11thMAIN ROAD 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 plays a crucial role in property transactions in Pallikaranai. It is used to calculate the stamp duty and registration fees payable during the registration of the property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value is referenced to determine the applicable fees, ensuring that both parties are aware of the financial implications involved in the sale. It is essential for potential buyers to check the guideline value before proceeding with any property transactions.

Frequently asked questions

What is the current guideline value of VIVEKANANDA NAGAR 11thMAIN ROAD?

The current guideline value of VIVEKANANDA NAGAR 11thMAIN 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 from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,320 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification of VIVEKANANDA NAGAR 11thMAIN ROAD?

VIVEKANANDA NAGAR 11thMAIN ROAD is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for VIVEKANANDA NAGAR 11thMAIN ROAD?

The Sub Registrar Office covering VIVEKANANDA NAGAR 11thMAIN ROAD is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How do I calculate the stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. For example, for a property valued at Rs 13,20,000, the total stamp duty and registration fees would amount to Rs 1,18,800.