Guideline Value

Corporate

Guideline Value for Defence Colony Road

₹4400/sq.ft.

The guideline value for Defence Colony Road in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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)

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 Defence Colony Road

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Defence Colony Road guideline value

The current guideline value of Defence Colony Road in Parangimalai village is Rs 4,400 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 - II.

How the guideline value of Defence Colony Road has changed

Over the years, the guideline value for Defence Colony Road has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which was reduced to Rs 2,680 per sq.ft in the 2017 revision. This marked a significant decrease of 33%. However, the value rebounded to Rs 4,000 per sq.ft in the 2023 revision, and subsequently increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back up to Rs 4,000 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 regarding this street.

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. The median value for these streets is Rs 3,850 per sq.ft, making the current value of Defence Colony Road above that median.

Stamp duty and registration fee for property in Defence Colony Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Defence Colony Road?

The Defence Colony 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 plays a crucial role during the registration process when buying or selling property. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is in accordance with the government regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in Parangimalai.

Frequently asked questions

What is the current guideline value of Defence Colony Road?

The current guideline value of Defence Colony Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,680 per sq.ft in 2017, showing a 49% increase by 2023.

What is the land classification for Defence Colony Road?

Defence Colony Road is classified as Residential Class I Type - II under the Chennai South Joint II SRO.

Where can I find the Sub Registrar Office for Defence Colony Road?

The Sub Registrar Office covering Defence Colony Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.