Guideline Value

Corporate

Guideline Value for Mahajun Road

₹3850/sq.ft.

The guideline value for Mahajun Road in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹372 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹295 /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 Mahajun Road

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Mahajun Road guideline value

The current guideline value of Mahajun Road in Parangimalai village is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Mahajun Road has changed

The guideline value for Mahajun Road has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 295 per sq.ft. This increased to Rs 372 per sq.ft in 2003, marking a 26% rise. The value continued to rise significantly, reaching Rs 1,100 per sq.ft in 2007, a substantial increase of 196%. In 2012, the value was Rs 3,500 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision saw a notable increase to Rs 2,345 per sq.ft, which was a 49% rise. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, followed by the current figure of Rs 3,850 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1205%. There are no figures available for the revisions of years not listed in the register 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 value is Rs 3,850 per sq.ft, which is equal to the current guideline value of Mahajun Road.

Stamp duty and registration fee for property in Mahajun Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahajun Road?

The Sub Registrar Office that covers Mahajun 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 information.

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

The guideline value plays a crucial role in the registration of property transactions in Parangimalai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the transaction is recorded at a value recognized by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Proper understanding of the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Mahajun Road?

The current guideline value of Mahajun Road is Rs 3,850 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 295 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 1205% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is typically 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mahajun Road?

The Sub Registrar Office for Mahajun 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.

What are the other streets in Parangimalai with the same guideline value?

Other streets in Parangimalai with the same guideline value of Rs 3,850 per sq.ft include Maduvakanrai 5th Street, Maduvakanrai 4th Street, Maduvakanrai 4th Cross Street, Maduvakanrai 3rd Street, Maduvakanrai 3nd Cross Street, and Maduvakanrai 2nd Street.