Guideline Value

Corporate

Guideline Value for PARTHASARATHI GARDEN

₹1100/sq.ft.

The guideline value for Parthasarathi Garden in Uthandi village (Neelankarai SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Uthandi

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Parthasarathi Garden

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Parthasarathi Garden guideline value

The current guideline value of Parthasarathi Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. It is located in Uthandi village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Parthasarathi Garden has changed

Over the years, the guideline value for Parthasarathi Garden has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and finally, it has been set at Rs 1,100 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From the 2017 revision to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Parthasarathi Garden's 2024 figure below the median.

Stamp duty and registration fee for property in Parthasarathi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. Duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parthasarathi Garden?

The Sub Registrar Office that covers Parthasarathi Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Uthandi. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, buyers and sellers must be aware of the guideline value as it directly impacts the overall cost of the transaction. It is essential to consult the latest figures to ensure compliance with local regulations and avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Parthasarathi Garden?

The current guideline value of Parthasarathi Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

From the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The value was Rs 1,000 per sq.ft in 2012 and is now Rs 1,100 per sq.ft.

What is the stamp duty rate for properties in Parthasarathi Garden?

The stamp duty rate for properties in Parthasarathi Garden is 7%. This is calculated based on the higher of the guideline value or the sale price.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets in Uthandi with the same guideline value?

Other streets in Uthandi with the same guideline value of Rs 1,100 per sq.ft for 2024 include Pari Garden, Parvathi Garden, Pathijal Garden, and Pattabiraman Garden.