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Guideline Value

Corporate

Guideline Value for Vadapalani Murugan Nagar

₹770/sq.ft.

The guideline value for Vadapalani Murugan Nagar in Panapakkam village (Padappai SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Panapakkam

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Vadapalani Murugan Nagar

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Vadapalani Murugan Nagar guideline value

The current guideline value of Vadapalani Murugan Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Panapakkam village and falls under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Vadapalani Murugan Nagar has changed

The guideline value for Vadapalani Murugan Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 700 per sq.ft, and the most recent revision in 2024 raised it further to Rs 770 per sq.ft, marking a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panapakkam

In Panapakkam, there are 28 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 990 per sq.ft, with the median value being Rs 770 per sq.ft. The guideline value for Vadapalani Murugan Nagar is equal to this median.

Stamp duty and registration fee for property in Vadapalani Murugan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vadapalani Murugan Nagar?

The Sub Registrar Office that covers Vadapalani Murugan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Panapakkam, as it determines the amount of stamp duty and registration fees that need to be paid. It is essential to be aware of the current guideline value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value is used to calculate the applicable fees, and it serves as a benchmark for the minimum value at which a property can be sold. Buyers and sellers should always refer to the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vadapalani Murugan Nagar?

The current guideline value of Vadapalani Murugan Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Vadapalani Murugan Nagar?

Vadapalani Murugan Nagar is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Vadapalani Murugan Nagar?

The Sub Registrar Office for Vadapalani Murugan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for property in Vadapalani Murugan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400.