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Guideline Value

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Guideline Value for VIVEKANANDA NAGAR 7thMAIN ROAD

₹1320/sq.ft.

The guideline value for Vivekananda Nagar 7thmain 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 7thmain Road

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VIVEKANANDA NAGAR 7thMAIN ROAD guideline value

The current guideline value of VIVEKANANDA NAGAR 7thMAIN 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 7thMAIN ROAD has changed

The guideline value for VIVEKANANDA NAGAR 7thMAIN 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 the 2017 revision. Following this, the value significantly increased to Rs 1,320 per sq.ft in the 2024 revision, marking a 64% rise from 2017. 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 2002, 2003, 2007, and 2023 for this street. The changes from the previous revisions reflect the fluctuations in the guideline value over time, with the most recent value being the highest recorded.

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. The median guideline value for these streets is Rs 1,650 per sq.ft, placing VIVEKANANDA NAGAR 7thMAIN ROAD below this median.

Stamp duty and registration fee for property in VIVEKANANDA NAGAR 7thMAIN ROAD

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the 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, totaling Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers VIVEKANANDA NAGAR 7thMAIN ROAD?

The VIVEKANANDA NAGAR 7thMAIN 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 critical factor in property transactions in Pallikaranai, as it serves as a benchmark for determining the minimum value of a property. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value helps maintain transparency in property dealings, as it provides a standardized reference point for both buyers and sellers. It is essential to be aware of the current guideline value when engaging in property transactions in the area.

Frequently asked questions

What is the current guideline value of VIVEKANANDA NAGAR 7thMAIN ROAD?

The current guideline value of VIVEKANANDA NAGAR 7thMAIN 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. The overall change from 2012 to 2024 is an increase of 10%.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,18,800. This includes a stamp duty of Rs 92,400 and a registration fee of Rs 26,400.

Which office handles registrations for VIVEKANANDA NAGAR 7thMAIN ROAD?

The registrations for VIVEKANANDA NAGAR 7thMAIN ROAD are handled 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.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value of a property, which is essential for calculating stamp duty and registration fees. It ensures transparency and standardization in property transactions, benefiting both buyers and sellers.