Guideline Value for PARAMESWARI ST

Parameswari St guideline value

The current guideline value of Parameswari St in Paleripattu village, under the Avadi SRO, is Rs 990 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Parameswari St has changed

Over the years, the guideline value of Parameswari St has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which then changed to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 900 per sq.ft. The most recent revision in 2024 has increased this to Rs 990 per sq.ft, marking a 10% rise from the previous year.

In summary, the changes between revisions show a significant increase from Rs 603 per sq.ft in 2017 to Rs 990 per sq.ft in 2024, representing a 49% increase over that period. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the guideline value of Parameswari St.

• Pandiyar Nagar Joint: Rs 805 per sq.ft (2024)
• Pandiyan Nagar Joint: Rs 990 per sq.ft (2024)
• Pandiyan Nagar: Rs 990 per sq.ft (2024)
• Pandit Nehru St: Rs 990 per sq.ft (2024)
• Pallikooda St: Rs 990 per sq.ft (2024)
• Pallavan Nagar Main Road: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Parameswari St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parameswari St?

The Sub Registrar Office that covers Parameswari St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paleripattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives its due revenue based on the established value of the property. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Parameswari St?

The current guideline value of Parameswari St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Parameswari St?

Parameswari St falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for property in Parameswari St?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles registrations for Parameswari St?

The Avadi Sub Registrar Office handles registrations for Parameswari St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.