Guideline Value for PARI STREET T.N.H.B.

Pari Street T.N.H.B. guideline value

The current guideline value of Pari Street T.N.H.B. is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Pari Street T.N.H.B. has changed

The guideline value for Pari Street T.N.H.B. has seen several revisions over the years. In 2002, the guideline value was Rs 1,397 per sq.ft, which increased to Rs 1,546 per sq.ft in 2003, marking an increase of 11%. By 2007, the value rose significantly to Rs 1,800 per sq.ft, reflecting a 16% increase. The 2012 revision saw a decrease to Rs 10,000 per sq.ft, a drop of 33%. However, this was followed by a substantial increase to Rs 6,700 per sq.ft in 2017, which represented a 49% increase. The guideline value then rose to Rs 10,000 per sq.ft in 2023, before reaching the current figure of Rs 11,000 per sq.ft in 2024, an increase of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 687%. The revisions for the years 2012 and 2017 do not have figures for this street in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Pari Street T.N.H.B. above this median.

• Parvathi Street: Rs 11,000 per sq.ft (2024)
• Parvettai Chavadi: Rs 3,520 per sq.ft (2024)
• Pazhandiamman Koil Street: Rs 3,520 per sq.ft (2024)
• Periyar E.V.R Salai (Lakshmipuram): Rs 7,150 per sq.ft (2024)
• Palagai Varavathi Salai: Rs 7,150 per sq.ft (2024)
• Palagai Varavathi Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Pari Street T.N.H.B.

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pari Street T.N.H.B.?

The Sub Registrar Office that covers Pari Street T.N.H.B. is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable duties. This ensures that the transaction is documented accurately and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Pari Street T.N.H.B.?

The current guideline value of Pari Street T.N.H.B. is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,397 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, with various increases and decreases along the way.

What is the land classification for Pari Street T.N.H.B.?

The land classification for Pari Street T.N.H.B. is Residential Special Type - II.

Where can I find the Sub Registrar Office for Pari Street T.N.H.B.?

The Sub Registrar Office for Pari Street T.N.H.B. is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Thiruvanmiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.