Guideline Value for Adhi Parnthamanar Street

Adhi Parnthamanar Street guideline value

The current guideline value of Adhi Parnthamanar Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Adhi Parnthamanar Street has changed

Adhi Parnthamanar Street has seen several revisions in its guideline value over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a rise of 180%. However, the value then decreased to Rs 469 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 800 per sq.ft in 2023, representing a substantial increase of 71%. The most recent revision in 2024 has set the guideline value at Rs 850 per sq.ft, which is a 6% increase from the previous year.

It is important to note that there are no recorded figures for Adhi Parnthamanar Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 240%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. Adhi Parnthamanar Street's 2024 guideline value is below this median.

• Agasthiar Street: Rs 950 per sq.ft (2024)
• Airport Colony: Rs 950 per sq.ft (2024)
• Airport Colony Extension: Rs 6,700 per sq.ft (2024)
• Airport Exployee Colony 1st Street: Rs 950 per sq.ft (2024)
• Airport Exployee Colony 2nd Street: Rs 950 per sq.ft (2024)
• Ambal Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Adhi Parnthamanar Street

For a 1,000 sq.ft plot at the current rate of Rs 850 per sq.ft, the guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total to Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Adhi Parnthamanar Street?

The Sub Registrar Office covering Adhi Parnthamanar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Chembakkam, the guideline value is a crucial factor as it determines the stamp duty and registration fees payable at the time of registration. The guideline value is set by the government and reflects the minimum value at which properties in that area can be registered.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in avoiding legal issues and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Adhi Parnthamanar Street?

The current guideline value of Adhi Parnthamanar Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 850 per sq.ft in 2024, representing an overall increase of 240%.

What is the land classification of Adhi Parnthamanar Street?

Adhi Parnthamanar Street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for properties on Adhi Parnthamanar Street?

For a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500 and the registration fee would be Rs 17,000, totaling Rs 76,500.

Which office handles registrations for Adhi Parnthamanar Street?

The Selaiyur Sub Registrar Office handles registrations for Adhi Parnthamanar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.