Guideline Value for PARIJATHAM NAGAR

Parijatham Nagar guideline value

The current guideline value of Parijatham Nagar is Rs 1,660 per sq.ft, effective from 1 July 2024. This area is located in Nedunkumdram village and falls under the Tambaram Joint 1 SRO. It is classified as Residential Class I Type - V.

How the guideline value of Parijatham Nagar has changed

The guideline value for Parijatham Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft. This increased significantly to Rs 1,508 per sq.ft in the 2023 revision, marking a 50% rise. The most recent 2024 revision further increased the value to Rs 1,660 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Parijatham Nagar's 2024 figure below that median.

• Park Land: Rs 1,110 per sq.ft (2024)
• Perumal Nagar: Rs 1,320 per sq.ft (2024)
• Perumal Nagar Extension: Rs 1,320 per sq.ft (2024)
• Ngo Nagar Phase II,III,IV: Rs 1,320 per sq.ft (2024)
• Ngo Nagar Phase I Annex: Rs 1,430 per sq.ft (2024)
• Ngo Nagar Phase I: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Parijatham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value would be Rs 16,60,000. The stamp duty at 7% would amount to Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, leading to a total of Rs 1,49,400. 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 information.

Which Sub Registrar Office covers Parijatham Nagar?

The Sub Registrar Office that covers Parijatham Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nedunkumdram. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

When a property is sold, the buyer is required to pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Parijatham Nagar?

The current guideline value of Parijatham Nagar is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,660 per sq.ft in 2024, marking an overall increase of 65% over this period.

What is the median guideline value in Nedunkumdram?

The median guideline value for the 75 streets in Nedunkumdram is Rs 2,200 per sq.ft, with Parijatham Nagar's 2024 figure being below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Parijatham Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Parijatham Nagar?

The Sub Registrar Office for Parijatham Nagar is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.