Guideline Value

Corporate

Guideline Value for PARAMESWARAN STREET

₹2160/sq.ft.

The guideline value for Parameswaran Street in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 2160 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2160 /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 ₹2000 /sq.ft.
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

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

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Parameswaran Street guideline value

The current guideline value of Parameswaran Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Parameswaran Street has changed

The guideline value for Parameswaran Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. The most recent revision in 2024 shows an increase to Rs 2,160 per sq.ft, marking a significant change of +61% from the 2017 figure.

Between the 2012 and 2017 revisions, there was a notable decrease of -33%. However, when comparing the overall change from 2012 to 2024, the guideline value has increased by +8%. It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that Parameswaran Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Parameswaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, the total cost for duty and registration would be Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parameswaran Street?

The Sub Registrar Office that covers Parameswaran Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property transaction.

Frequently asked questions

What is the current guideline value of Parameswaran Street?

The current guideline value of Parameswaran Street is Rs 2,160 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, and then increased to Rs 2,160 per sq.ft in 2024.

What is the land classification of Parameswaran Street?

Parameswaran Street is classified as Residential Class III Type - I.

What are the other streets in Zaminpallavaram and their guideline values?

Other streets in Zaminpallavaram include Panjapandavar Malai Road, Panchayat Market Road, Panchayat Market Lane, Panchayat Market Colony Road, Panchayat Colony Road, and Pallavan Colony, all with varying guideline values.

Where can I find the Sub Registrar Office for Parameswaran Street?

The Sub Registrar Office for Parameswaran Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.