Guideline Value

Corporate

Guideline Value for N.M. Parvathypuram Extn

₹2700/sq.ft.

The guideline value for N.m. Parvathypuram Extn in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on N.m. Parvathypuram Extn

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N.M. Parvathypuram Extn guideline value

The current guideline value of N.M. Parvathypuram Extn is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Chembakkam village, under the Selaiyur Sub Registrar Office (SRO), and is classified as Residential Class I Type - III.

How the guideline value of N.M. Parvathypuram Extn has changed

The guideline value for N.M. Parvathypuram Extn has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, reflecting an 8% rise. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, which marked a significant increase of 49% to the 2023 figure. The 2012 revision recorded a value of Rs 2,500 per sq.ft, indicating a decrease of 33% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning N.M. Parvathypuram Extn's 2024 value above this median.

Stamp duty and registration fee for property in N.M. Parvathypuram Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty is calculated at 7%, resulting in Rs 1,89,000, while the registration fee is 2%, amounting to Rs 54,000. Together, the total cost for stamp duty and registration fee is Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers N.M. Parvathypuram Extn?

The N.M. Parvathypuram Extn area falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value as it influences the financial obligations associated with the transaction. It is essential to ensure that the sale price meets or exceeds the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of N.M. Parvathypuram Extn?

The current guideline value of N.M. Parvathypuram Extn is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, showing an 8% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, indicating various fluctuations over the years.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft. N.M. Parvathypuram Extn's guideline value of Rs 2,700 per sq.ft is above this median.

What are the stamp duty and registration fees for properties in N.M. Parvathypuram Extn?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for N.M. Parvathypuram Extn?

The Selaiyur Sub Registrar Office handles property registrations for N.M. Parvathypuram Extn, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.