Guideline Value

Corporate

Guideline Value for Hill Side

₹3300/sq.ft.

The guideline value for Hill Side 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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹315 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹251 /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 Hill Side

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Hill Side guideline value

The current guideline value of Hill Side, located in Parangimalai village, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Hill Side has changed

The guideline value for Hill Side has seen significant changes over the years. In 2002, the value was Rs 251 per sq.ft, which increased to Rs 315 per sq.ft in 2003, marking a 25% rise. The value continued to grow, reaching Rs 750 per sq.ft in 2007, reflecting a substantial increase of 138%. However, between 2007 and 2012, the value decreased to Rs 3,000 per sq.ft, representing a decline of 300%.

From 2012 to 2017, the guideline value remained at Rs 3,000 per sq.ft, as the register has no figure for this street in it. The value then rose to Rs 2,010 per sq.ft in 2017, showing a 49% increase. The most recent revision in 2023 set the value at Rs 3,000 per sq.ft, followed by the current value of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1215%.

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, indicating that Hill Side's current value is below this median.

Stamp duty and registration fee for property in Hill Side

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hill Side?

The Sub Registrar Office that covers Hill Side 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 information.

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

The guideline value is a crucial factor when buying or selling property in Parangimalai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements.

When a property is registered, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and reflects the appropriate fees due to the government.

Frequently asked questions

What is the current guideline value of Hill Side?

The current guideline value of Hill Side 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 increased significantly from Rs 251 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1215% over the years.

What is the registration office for Hill Side?

The registration office for Hill Side 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.

How is the stamp duty calculated for property in Hill Side?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.

What are the guideline values of other streets in Parangimalai?

Other streets in Parangimalai have varying guideline values, with rates ranging from Rs 2,750 to Rs 3,850 per sq.ft in 2024. For instance, Hospital Road and IA Quarters are valued at Rs 3,850 per sq.ft, while Ibrahim Lane, Ibrahim Saheb Street, Ibrahim Street, and Indhra Nagar are valued at Rs 2,750 per sq.ft.