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Guideline Value

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Guideline Value for VIVEKANANDA NAGAR 8th MAIN ROAD

₹1320/sq.ft.

The guideline value for Vivekananda Nagar 8th 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 8th Main Road

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VIVEKANANDA NAGAR 8th MAIN ROAD guideline value

The current guideline value of VIVEKANANDA NAGAR 8th 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, classified as Residential Class IV Type - II.

How the guideline value of VIVEKANANDA NAGAR 8th MAIN ROAD has changed

The guideline value for VIVEKANANDA NAGAR 8th MAIN ROAD has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. However, the latest revision in 2024 saw an increase to Rs 1,320 per sq.ft, marking a 64% rise from the 2017 figure. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. Therefore, the only figures available for VIVEKANANDA NAGAR 8th MAIN ROAD are from the revisions in 2012, 2017, and 2024.

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, with a median value of Rs 1,650 per sq.ft. The guideline value for VIVEKANANDA NAGAR 8th MAIN ROAD is below this median.

Stamp duty and registration fee for property in VIVEKANANDA NAGAR 8th 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 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 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 or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VIVEKANANDA NAGAR 8th MAIN ROAD?

The Sub Registrar Office that covers VIVEKANANDA NAGAR 8th 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 details.

How the guideline value is used when you buy or sell in Pallikaranai

The guideline value is a crucial factor when registering property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives due revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of VIVEKANANDA NAGAR 8th MAIN ROAD?

The current guideline value of VIVEKANANDA NAGAR 8th 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 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 are the other streets in Pallikaranai with the same guideline value?

Other streets in Pallikaranai that share the same guideline value of Rs 1,320 per sq.ft (2024) include VIVEKANANDA NAGAR 7th MAIN ROAD, VIVEKANANDA NAGAR 9th MAIN ROAD, VIVEKANANDA NAGAR 3rd MAIN ROAD, VIVEKANANDA NAGAR 2nd MAIN ROAD, VIVEKANANDA NAGAR 12th MAIN ROAD, and VIVEKANANDA NAGAR 11th MAIN ROAD.

What is the registration office for VIVEKANANDA NAGAR 8th MAIN ROAD?

The registration office for VIVEKANANDA NAGAR 8th 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.

How is stamp duty calculated for properties in VIVEKANANDA NAGAR 8th MAIN ROAD?

Stamp duty for properties in VIVEKANANDA NAGAR 8th MAIN ROAD is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.