Guideline Value for PARI STREET

Pari Street guideline value

The current guideline value of Pari Street in Puliyur village under the Kodambakkam SRO is Rs 5,000 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Pari Street has changed

The guideline value for Pari Street has seen significant changes over the years. In 2002, the value was Rs 750 per sq.ft, which increased to Rs 824 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped to Rs 1,250 per sq.ft, reflecting a 52% increase from the previous revision. The 2012 revision saw the value rise dramatically to Rs 4,600 per sq.ft, a substantial 268% increase from 2007.

As of the 2024 revision, the guideline value stands at Rs 5,000 per sq.ft, which is a 9% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 567%. The register has no figures for the years 2017 and 2023 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making the guideline value of Pari Street below the median.

• Park View Road: Rs 8,200 per sq.ft (2024)
• Parangusapuram Street: Rs 7,100 per sq.ft (2024)
• Parameswari Colony: Rs 5,800 per sq.ft (2024)
• Pappathi Ammal Street: Rs 6,300 per sq.ft (2024)
• Panduranga Colony: Rs 5,000 per sq.ft (2024)
• Pasumarthi Lane: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, resulting in a total of Rs 4,50,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pari Street?

The Sub Registrar Office that covers Pari Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is assessed to ensure that the transaction reflects a fair value. This value helps in calculating the applicable fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Pari Street?

The current guideline value of Pari Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 750 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 567% over the years.

Are there any years without a guideline value for Pari Street?

Yes, the register has no figures for Pari Street for the years 2017 and 2023.

What is the median guideline value in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which is higher than the current value of Pari Street.

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

The Sub Registrar Office for Pari Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.