Guideline Value

Corporate

Guideline Value for VIVEKANANDHA 1ST CROSS STREET

₹1110/sq.ft.

The guideline value for Vivekanandha 1st Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1110 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1110 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1000 /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 Vivekanandha 1st Cross Street

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Vivekanandha 1st Cross Street guideline value

The current guideline value of Vivekanandha 1st Cross Street is Rs 1,110 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 - III.

How the guideline value of Vivekanandha 1st Cross Street has changed

Looking at the revisions, the guideline value for Vivekanandha 1st Cross Street was Rs 1,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw an increase to Rs 1,110 per sq.ft, marking an 11% rise from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

From 2012 to 2024, the overall increase in guideline value is 11%. The 2023 to 2024 revision specifically reflects an increase of 11% as well, indicating a significant adjustment in the guideline value for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total 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 as of 2024. The median guideline value for these streets is Rs 1,650 per sq.ft, meaning the 2024 figure for Vivekanandha 1st Cross Street is below this median.

Stamp duty and registration fee for property in Vivekanandha 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total cost together to Rs 99,900. Please note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vivekanandha 1st Cross Street?

The Vivekanandha 1st Cross Street 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 during the registration process of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Vivekanandha 1st Cross Street?

The current guideline value of Vivekanandha 1st Cross Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vivekanandha 1st Cross Street has seen an increase from Rs 1,000 per sq.ft in 2012 and 2023 to Rs 1,110 per sq.ft in 2024, marking an overall increase of 11% from 2012 to 2024.

What is the median guideline value for streets in Pallikaranai?

The median guideline value for streets in Pallikaranai is Rs 1,650 per sq.ft as of 2024, indicating that the guideline value for Vivekanandha 1st Cross Street is below this median.

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

For a property valued at Rs 11,10,000, the stamp duty would be Rs 77,700 and the registration fee would be Rs 22,200, totaling Rs 99,900. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Vivekanandha 1st Cross Street?

The registration for Vivekanandha 1st Cross Street is 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.