Guideline Value for PARAMA SIVAM NAGAR

Parama Sivam Nagar guideline value

The current guideline value of Parama Sivam Nagar is Rs 450 per sq.ft. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Parama Sivam Nagar has changed

The guideline value for Parama Sivam Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 450 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 301 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 450 per sq.ft, representing a rise of 50% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 450 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Parama Sivam Nagar is one of the streets under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Parama Sivam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total fees to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parama Sivam Nagar?

The Sub Registrar Office that covers Parama Sivam Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Thozhuvur, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. These fees are calculated based on the higher amount between the guideline value and the sale price of the property.

It is essential for buyers and sellers to be aware of the current guideline value to ensure accurate calculations of the fees involved in the registration process. This helps in avoiding any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Parama Sivam Nagar?

The current guideline value of Parama Sivam Nagar is Rs 450 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased back to Rs 450 per sq.ft in 2023. There are no figures available for the years 2002, 2003, 2007, and 2024.

What is the land classification for Parama Sivam Nagar?

Parama Sivam Nagar is classified as Residential Class II Type - II. This classification indicates the type of development permissible in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 40,500.

Where can I find the Sub Registrar Office for Parama Sivam Nagar?

The Sub Registrar Office for Parama Sivam Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.