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Guideline Value

Corporate

Guideline Value for WEAKER SECTION NAGAR

₹1320/sq.ft.

The guideline value for Weaker Section Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. 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 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹67 /sq.ft.
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 Weaker Section Nagar

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Weaker Section Nagar guideline value

The current guideline value of Weaker Section Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this region is Residential Class IV Type - II.

How the guideline value of Weaker Section Nagar has changed

The guideline value for Weaker Section Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in 2003, marking a 49% rise. The subsequent revision in 2007 saw a significant jump to Rs 400 per sq.ft, which was a 300% increase. By 2012, the value remained at Rs 1,200 per sq.ft, and this figure was unchanged until the 2023 revision.

The 2023 revision set the guideline value at Rs 1,200 per sq.ft, but in 2024, it increased to Rs 1,320 per sq.ft, reflecting a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 1870%.

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. The median guideline value in this area is Rs 1,650 per sq.ft, placing Weaker Section Nagar's 2024 figure below the median.

Stamp duty and registration fee for property in Weaker Section Nagar

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, while the registration fee at 2% would be Rs 26,400, bringing the total 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.

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

Which Sub Registrar Office covers Weaker Section Nagar?

The Weaker Section Nagar area 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value serves as a benchmark for the minimum price at which a property can be registered.

When you approach the Sub Registrar Office for registration, the guideline value will be compared with the sale price. The higher of the two will be used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Weaker Section Nagar?

The current guideline value of Weaker Section Nagar 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 increased significantly from Rs 67 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 1870%.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft, which is higher than the current value of Weaker Section Nagar.

What are the stamp duty and registration fees for properties in Weaker Section Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.

Which office handles property registrations in Weaker Section Nagar?

The Chennai South Joint I Sub Registrar Office handles property registrations for Weaker Section Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.