Guideline Value for PARSN SYNERrGY

PARSN SYNERrGY guideline value

The current guideline value of PARSN SYNERrGY is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Vengaivasal village, under the Selaiyur SRO, and falls under the Mixed Special Type - II land classification.

How the guideline value of PARSN SYNERrGY has changed

The guideline value for PARSN SYNERrGY has seen revisions over the years. The 2017 revision set the value at Rs 2,512 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision marked a significant increase, raising the value to Rs 2,750 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 9% increase. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, making the guideline value of PARSN SYNERrGY above the median.

• Parthasarathi Nagar: Rs 4,800 per sq.ft (2024)
• Paramahamsa Yoganandha Street: Rs 3,700 per sq.ft (2024)
• Ponniamman Koil Street: Rs 2,400 per sq.ft (2024)
• Nuthanjeri Link Road: Rs 3,300 per sq.ft (2024)
• Nuthanjeri Joint Road: Rs 3,300 per sq.ft (2024)
• Poonga Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in PARSN SYNERrGY

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. 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 detailed calculations.

Which Sub Registrar Office covers PARSN SYNERrGY?

The Sub Registrar Office covering PARSN SYNERrGY is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Vengaivasal. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of PARSN SYNERrGY?

The current guideline value of PARSN SYNERrGY is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,512 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking a 9% increase. There was no change in the value from 2017 to 2023.

What are the guideline values of other streets in Vengaivasal?

Other streets in Vengaivasal have varying guideline values. For instance, Parthasarathi Nagar has a value of Rs 4,800 per sq.ft, while Ponniamman Koil Street is valued at Rs 2,400 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the guideline value or sale price.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.