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Guideline Value

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Guideline Value for VIVEKANANDA NAGAR 9thMAIN ROAD

₹1320/sq.ft.

The guideline value for Vivekananda Nagar 9thmain 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 9thmain Road

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VIVEKANANDA NAGAR 9thMAIN ROAD guideline value

The current guideline value of VIVEKANANDA NAGAR 9thMAIN 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 9thMAIN ROAD has changed

The guideline value for VIVEKANANDA NAGAR 9thMAIN ROAD has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2024, the guideline value rose significantly to Rs 1,320 per sq.ft, marking an increase of 64% during this period. It is important to note that there are no registered figures for the years 2023, 2007, 2003, and 2002 for this street.

When comparing the overall changes from 2012 to 2024, the guideline value has increased by 10%. The fluctuations in the guideline values reflect the revisions made by the authorities over the years.

Guideline values in Pallikaranai

Pallikaranai village features a range of guideline values across its 749 streets under the Chennai South Joint I SRO, with the 2024 figures 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 the current guideline value of VIVEKANANDA NAGAR 9thMAIN ROAD is below this median.

Stamp duty and registration fee for property in VIVEKANANDA NAGAR 9thMAIN 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 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VIVEKANANDA NAGAR 9thMAIN ROAD?

The VIVEKANANDA NAGAR 9thMAIN 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 plays a crucial role in the registration process of property transactions in Pallikaranai. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of VIVEKANANDA NAGAR 9thMAIN ROAD?

The current guideline value of VIVEKANANDA NAGAR 9thMAIN 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. There are no registered figures for the years 2023, 2007, 2003, and 2002 for this street.

What is the land classification for VIVEKANANDA NAGAR 9thMAIN ROAD?

The land classification for VIVEKANANDA NAGAR 9thMAIN ROAD is Residential Class IV Type - II.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers VIVEKANANDA NAGAR 9thMAIN ROAD, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.