Guideline Value

Corporate

Guideline Value for Jessli Apartments

₹3300/sq.ft.

The guideline value for Jessli Apartments 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 ₹202 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹161 /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 Jessli Apartments

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Jessli Apartments guideline value

The current guideline value for Jessli Apartments is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Parangimalai village, under the Chennai South Joint II SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Jessli Apartments has changed

The guideline value for Jessli Apartments has seen several revisions over the years. In 2002, the value was Rs 161 per sq.ft, which increased to Rs 202 per sq.ft in 2003. The value then rose significantly to Rs 750 per sq.ft in 2007, marking a 271% increase from the previous year. Following this, the value jumped to Rs 3,000 per sq.ft in 2012, reflecting a 300% increase from 2007.

From 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. However, it rebounded to Rs 3,000 per sq.ft in 2023, and further increased by 10% to the current value of Rs 3,300 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 1950%.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO with 2024 guideline values ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median value is Rs 3,850 per sq.ft, placing the guideline value of Jessli Apartments below this median.

Stamp duty and registration fee for property in Jessli Apartments

For a 1,000 sq.ft plot at the current rate, 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, bringing the total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jessli Apartments?

The Jessli Apartments are 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 of property transactions in Parangimalai. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are accurately calculated based on the property's official valuation.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the financial aspects of property transactions. This value is established by the Registration Department and is periodically revised to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value for Jessli Apartments?

The current guideline value for Jessli Apartments 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 from Rs 161 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing a significant overall increase of 1950% over the years.

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

Other streets in Parangimalai include Jilani Sayabu Street and Kadumbadi Amman Koil Street at Rs 2,750 per sq.ft, Kaji Sayabu Street at Rs 3,850 per sq.ft, and several streets in Kalaignar Nagar also at Rs 2,750 per sq.ft.

What are the stamp duty and registration fees for properties in Jessli Apartments?

The stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers the Jessli Apartments?

The Chennai South Joint II Sub Registrar Office covers Jessli Apartments, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.