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Guideline Value

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Guideline Value for Chittibabu Street (Kalaignar Nagar)

₹3300/sq.ft.

The guideline value for Chittibabu Street (kalaignar Nagar) in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹320 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹256 /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
044-29510538
[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 Chittibabu Street (kalaignar Nagar)

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Chittibabu Street (Kalaignar Nagar) guideline value

The current guideline value of Chittibabu Street (Kalaignar Nagar) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Chittibabu Street (Kalaignar Nagar) has changed

The guideline value for Chittibabu Street has undergone several revisions over the years. In 2002, the value was Rs 256 per sq.ft, which increased to Rs 320 per sq.ft in 2003, marking a rise of 25%. By 2007, the value had significantly jumped to Rs 800 per sq.ft, reflecting a 150% increase. The 2012 revision set the value at Rs 3,000 per sq.ft, a decrease of 275%. The subsequent revision in 2017 saw the value rise to Rs 2,010 per sq.ft, which was a 49% increase. The 2023 revision brought the value to Rs 3,000 per sq.ft, followed by the current 2024 figure of Rs 3,300 per sq.ft, representing a 10% increase.

There are no figures available for the revisions in years other than those listed. Overall, the guideline value has increased by 1,189% from 2002 to 2024.

Guideline values in Parangimalai

In Parangimalai village, there are 233 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, positioning Chittibabu Street's 2024 value below the median.

Stamp duty and registration fee for property in Chittibabu Street (Kalaignar Nagar)

For a 1,000 sq.ft plot on Chittibabu Street at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chittibabu Street (Kalaignar Nagar)?

The Sub Registrar Office that covers Chittibabu Street (Kalaignar Nagar) is 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Parangimalai. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps maintain a standardized approach to property transactions within the region.

Frequently asked questions

What is the current guideline value of Chittibabu Street?

The current guideline value of Chittibabu Street (Kalaignar Nagar) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 256 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting a significant overall increase of 1,189%.

What are the other streets in Parangimalai with similar guideline values?

Other streets in Parangimalai with similar guideline values include Chinna Mudali Street at Rs 3,300 per sq.ft and several others ranging from Rs 3,850 to Rs 5,500 per sq.ft.

What fees are associated with buying property on Chittibabu Street?

When buying property on Chittibabu Street, a buyer must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chittibabu Street located?

The Sub Registrar Office for Chittibabu Street (Kalaignar Nagar) is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.