Guideline Value for PARAMASIVAM GARDEN

Paramasivam Garden guideline value

The current guideline value of Paramasivam Garden is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Paramasivam Garden has changed

The guideline value of Paramasivam Garden has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest 2024 revision has further increased it to Rs 2,200 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the increase is 10%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Paramasivam Garden.

• Parijatham Garden: Rs 1,700 per sq.ft (2024)
• PANDIAN NAGAR 6th STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 5th STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 4th STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 3rd STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 2nd STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Paramasivam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Paramasivam Garden?

The Sub Registrar Office that covers Paramasivam Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Enjambakkam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees based on the property's value, ensuring that the transaction is recorded accurately in the official records.

The guideline value is essential for both buyers and sellers as it provides a reference point for the property's worth. It helps in calculating the costs associated with the transfer of property ownership, including applicable duties and fees.

Frequently asked questions

What is the current guideline value of Paramasivam Garden?

The current guideline value of Paramasivam Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Paramasivam Garden?

For a 1,000 sq.ft property, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations in Paramasivam Garden?

The Neelankarai Sub Registrar Office handles property registrations for Paramasivam Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the significance of the guideline value?

The guideline value is significant as it determines the stamp duty and registration fees when buying or selling property. It serves as a reference for the property's value in official records during the registration process.