Guideline Value

Corporate

Guideline Value for OCEAN FRONT

₹900/sq.ft.

The guideline value for Ocean Front in Paramankeni village (Cheyyur SRO, Chengalpattu zone) is Rs 900 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Paramankeni

Village

Cheyyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹900 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

3/156, Salt Road, Cheyyur- 603 302
044-27531094
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ocean Front

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Ocean Front guideline value

The current guideline value of Ocean Front in Paramankeni village is Rs 900 per sq.ft, effective from 1 July 2024. This property falls under the Cheyyur Sub Registrar Office and is classified as Residential Class I Type - II.

How the guideline value of Ocean Front has changed

The guideline value for Ocean Front has remained consistent at Rs 900 per sq.ft since the 2023 revision, which also recorded the same value. Prior to this, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Therefore, from the 2023 revision to the 2024 revision, there has been no change, with a percentage change of +0% noted.

Guideline values in Paramankeni

In addition to Ocean Front, other streets in Paramankeni under the Cheyyur SRO have the following guideline values:

Stamp duty and registration fee for property in Ocean Front

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ocean Front?

The Ocean Front area is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Paramankeni. It serves as a basis for calculating the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the higher of the guideline value or the sale price is considered for duty calculation. This ensures that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ocean Front?

The current guideline value of Ocean Front is Rs 900 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value recently?

Yes, the guideline value has remained unchanged at Rs 900 per sq.ft from the 2023 revision to the 2024 revision, reflecting a +0% change.

What are the stamp duty and registration fees for property in Ocean Front?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 81,000, which includes Rs 63,000 for stamp duty and Rs 18,000 for registration fees.

Which office handles the registration for Ocean Front?

The Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone, handles the registration for Ocean Front.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register and is used to calculate the stamp duty and registration fees during property transactions.