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Guideline Value

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Guideline Value for PARAMESWARAN NAGAR MAYANA PATHAI EXTENSION

₹2200/sq.ft.

The guideline value for Parameswaran Nagar Mayana Pathai Extension in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Parameswaran Nagar Mayana Pathai Extension

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Parameswaran Nagar Mayana Pathai Extension guideline value

The current guideline value of Parameswaran Nagar Mayana Pathai Extension is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Parameswaran Nagar Mayana Pathai Extension has changed

The guideline value for this street has undergone several revisions over the years. The earliest registered figure is from 2017, where the guideline value was Rs 1,340 per sq.ft. With the latest revision in 2024, the value has increased to Rs 2,200 per sq.ft, marking a significant increase of 64% from the 2017 figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The 2024 figure aligns with the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Parameswaran Nagar Mayana Pathai Extension is equal to this median.

Stamp duty and registration fee for property in Parameswaran Nagar Mayana Pathai Extension

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, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Parameswaran Nagar Mayana Pathai Extension?

The Sub Registrar Office that covers Parameswaran Nagar Mayana Pathai Extension 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 details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value serves as a benchmark for assessing property transactions in Sholinganallur - 1. When buying or selling property, this value is utilized to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is crucial for buyers and sellers to be familiar with the guideline value, as it affects the overall cost of property transactions and helps in understanding the legal requirements during registration at the Neelankarai SRO.

Frequently asked questions

What is the current guideline value of Parameswaran Nagar Mayana Pathai Extension?

The current guideline value of Parameswaran Nagar Mayana Pathai Extension is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a 64% increase. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

What are the other streets with the same guideline value in Sholinganallur - 1?

Other streets in Sholinganallur - 1 with the same guideline value of Rs 2,200 per sq.ft include Parameswaran Nagar & Avenue, Parameswaran Nagar Mayana Pathai (Kanniyappa Street), Parameswaran Nagar Mayana Salai 1st, 2nd, and 3rd Streets, as well as Parameshwaran Nagar 3rd Street.

What is the stamp duty for property in Parameswaran Nagar Mayana Pathai Extension?

The stamp duty for a property valued at Rs 22,00,000 would be Rs 1,54,000 at a rate of 7%. Additionally, the registration fee would be Rs 44,000 at a rate of 2%, totaling Rs 1,98,000 for the transaction.

Where can I find the Sub Registrar Office for my property?

The Sub Registrar Office for Parameswaran Nagar Mayana Pathai Extension 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 also find your SRO for additional information.