Guideline Value for Cementary Road

Cementary Road guideline value

The current guideline value of Cementary Road in Parangimalai village is Rs 5,500 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Cementary Road has changed

The guideline value for Cementary Road has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 800 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 525%. However, the value then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The most recent revisions show an increase to Rs 5,000 per sq.ft in 2023, followed by the current value of Rs 5,500 per sq.ft in 2024, which reflects a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 in the register for Cementary Road. Overall, from 2007 to 2024, the guideline value has increased by 588%.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft, with a median value of Rs 3,850 per sq.ft. Cementary Road's 2024 guideline value is above this median.

• Chakkrapani Colony: Rs 3,850 per sq.ft (2024)
• Butt Road: Rs 5,500 per sq.ft (2024)
• Butt Lane: Rs 4,400 per sq.ft (2024)
• Chinna Mudali Street: Rs 3,300 per sq.ft (2024)
• BI Police Quarters: Rs 3,300 per sq.ft (2024)
• Chittibabu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Cementary Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Cementary Road?

The Cementary Road is covered by the Chennai South Joint II 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 Parangimalai

The guideline value is a crucial factor in the registration of property transactions in Parangimalai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is assessed to determine the applicable fees. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Cementary Road?

The current guideline value of Cementary Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 800 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, which is an overall increase of 588%.

What is the median guideline value in Parangimalai?

The median guideline value in Parangimalai is Rs 3,850 per sq.ft, while Cementary Road's value is above this median.

What are the stamp duty and registration fees for Cementary Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 3,85,000 and the registration fee is Rs 1,10,000, totaling Rs 4,95,000.

Which office handles registrations for Cementary Road?

The Chennai South Joint II Sub Registrar Office handles registrations for Cementary Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.