Guideline Value

Corporate

Guideline Value for G.S.T. Road

₹11000/sq.ft.

The guideline value for G.s.t. Road in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1085 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹868 /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 G.s.t. Road

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G.S.T. Road guideline value

The current guideline value of G.S.T. Road in Parangimalai village is Rs 11,000 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Commercial Class I Type - I.

How the guideline value of G.S.T. Road has changed

The guideline value for G.S.T. Road has seen several revisions over the years. In 2002, the value was Rs 868 per sq.ft, which increased to Rs 1,085 per sq.ft in 2003, marking a rise of 25%. The value continued to increase significantly, reaching Rs 4,000 per sq.ft in 2007, which was a 269% increase from the previous revision. However, between 2007 and 2012, the value dropped to Rs 10,000 per sq.ft, reflecting a decrease of 33%.

From 2012, the guideline value rose again to Rs 6,700 per sq.ft in 2017, which was a 150% increase. The value further increased to Rs 10,000 per sq.ft in 2023, up by 49%. The latest revision in 2024 has set the guideline value at Rs 11,000 per sq.ft, representing a 10% increase from the previous year. The register does not have figures for any other years for 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 guideline value for the village is Rs 3,850 per sq.ft, and G.S.T. Road's current value is above this median.

Stamp duty and registration fee for property in G.S.T. Road

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, while the registration fee at 2% would be Rs 2,20,000, bringing the total to Rs 9,90,000. 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 G.S.T. Road?

The Sub Registrar Office that covers G.S.T. Road 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 more details.

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

The guideline value is a critical factor in the registration process of property transactions in Parangimalai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable duties. This ensures that the transaction is documented accurately and complies with the regulations set by the registration department.

Frequently asked questions

What is the current guideline value of G.S.T. Road?

The current guideline value of G.S.T. Road is Rs 11,000 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 868 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 1167% over the years.

What is the median guideline value in Parangimalai?

The median guideline value for Parangimalai is Rs 3,850 per sq.ft, with G.S.T. Road's value being above this median.

What are the stamp duty and registration fees for property in G.S.T. Road?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which office handles the registration for G.S.T. Road?

The registration for G.S.T. Road is handled 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.