Guideline Value for PARAMEESWARAVINNAGARAM

Parameeswaravinnagaram guideline value

The current guideline value of Parameeswaravinnagaram is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint I SRO and is classified as Residential Class III Type - III.

How the guideline value of Parameeswaravinnagaram has changed

Over the years, the guideline value of Parameeswaravinnagaram has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was later reduced to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

The changes between revisions show a significant increase of 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kanchipuram Town

Kanchipuram Town has 85 streets under the Kanchipuram Joint I SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that the 2024 figure for Parameeswaravinnagaram is below this median.

• Panjupettai Periya Street: Rs 1,100 per sq.ft (2024)
• Panjupettai Otthavadai Street: Rs 1,100 per sq.ft (2024)
• Panjupettai Chinna Street: Rs 1,100 per sq.ft (2024)
• Panjukotti Street: Rs 1,650 per sq.ft (2024)
• Pandava Perumal West Mada Street: Rs 1,650 per sq.ft (2024)
• Pandava Perumal Sannathi Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Parameeswaravinnagaram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parameeswaravinnagaram?

The Sub Registrar Office that covers Parameeswaravinnagaram is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kanchipuram Town. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the most current guideline value to ensure compliance with local regulations. This helps avoid any discrepancies during the registration process and ensures that all fees are accurately calculated.

Frequently asked questions

What is the current guideline value of Parameeswaravinnagaram?

The current guideline value of Parameeswaravinnagaram is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. Over the years, there have been significant fluctuations, including a decrease from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017.

What are the stamp duty and registration fees for properties in Parameeswaravinnagaram?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I contact for Parameeswaravinnagaram?

The Kanchipuram Joint I Sub Registrar Office covers Parameeswaravinnagaram. It is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

What is the land classification for Parameeswaravinnagaram?

Parameeswaravinnagaram is classified as Residential Class III Type - III, which is important for understanding the guidelines and regulations applicable to properties in this area.