Guideline Value for PARASAKTHI NAGAR

Parasakthi Nagar guideline value

The current guideline value of Parasakthi Nagar, located in Kolatti village under the Ponneri SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Parasakthi Nagar has changed

Looking at the historical revisions, the guideline value for Parasakthi Nagar was Rs 200 per sq.ft in 2023, which increased to Rs 220 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 134 per sq.ft, showing a significant increase of +49% to reach the 2023 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

In 2012, the guideline value was Rs 200 per sq.ft, which decreased to Rs 134 per sq.ft in 2017, reflecting a decline of -33%. Overall, from 2012 to 2024, the guideline value has increased by +10% from Rs 200 to Rs 220 per sq.ft.

Guideline values in Kolatti

In Kolatti village, there are 18 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 220 to Rs 330 per sq.ft, with a median value of Rs 275 per sq.ft. Parasakthi Nagar's 2024 figure is below this median.

• Prasanthi Nagar: Rs 330 per sq.ft (2024)
• P.S.Srinivasa Nagar: Rs 330 per sq.ft (2024)
• Pudhupedu Adidravidar Kudi Irupu: Rs 220 per sq.ft (2024)
• Pudupedu Grama Sudukadu Pattai: Rs 220 per sq.ft (2024)
• Puduppedu School Road: Rs 220 per sq.ft (2024)
• Nandiyam Pakkam Road: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Parasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, resulting in a total of Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Parasakthi Nagar?

The Sub Registrar Office that covers Parasakthi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kolatti. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is documented accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Parasakthi Nagar?

The current guideline value of Parasakthi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, with various changes in between.

What are the stamp duty and registration fees for property in Parasakthi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 19,800.

Which office handles property registrations in Parasakthi Nagar?

The Ponneri Sub Registrar Office handles property registrations for Parasakthi Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Parasakthi Nagar?

Parasakthi Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.