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Guideline Value

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Guideline Value for VIVEKANANDA NAGAR 3rdMAIN ROAD

₹1320/sq.ft.

The guideline value for Vivekananda Nagar 3rdmain 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 3rdmain Road

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VIVEKANANDA NAGAR 3rdMAIN ROAD guideline value

The current guideline value of VIVEKANANDA NAGAR 3rdMAIN 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 3rdMAIN ROAD has changed

Looking back at the revisions, the guideline value for VIVEKANANDA NAGAR 3rdMAIN ROAD was Rs 1,200 per sq.ft in 2012. It decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2024, the value rose significantly by 64% to reach the current rate of Rs 1,320 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2023.

Overall, comparing the values from 2012 to 2024, there has been a slight increase of 10%. The fluctuation in values reflects the changes in the real estate landscape over the years.

Guideline values in Pallikaranai

Pallikaranai consists 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. The median guideline value in this area is Rs 1,650 per sq.ft, indicating that VIVEKANANDA NAGAR 3rdMAIN ROAD's 2024 figure is below this median.

Stamp duty and registration fee for property in VIVEKANANDA NAGAR 3rdMAIN 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, while the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers VIVEKANANDA NAGAR 3rdMAIN ROAD?

The VIVEKANANDA NAGAR 3rdMAIN ROAD is covered by 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 property transactions in Pallikaranai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

At the time of registration, 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 the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of VIVEKANANDA NAGAR 3rdMAIN ROAD?

The current guideline value of VIVEKANANDA NAGAR 3rdMAIN 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 seen fluctuations, starting at Rs 1,200 per sq.ft in 2012, 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 3rdMAIN ROAD?

The land classification for VIVEKANANDA NAGAR 3rdMAIN ROAD is Residential Class IV Type - II.

Where can I find the registration office for this area?

The registration office for VIVEKANANDA NAGAR 3rdMAIN 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.

How is the stamp duty calculated for properties in VIVEKANANDA NAGAR 3rdMAIN ROAD?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price.