Guideline Value for PARTHASARATHI NAGAR

Parthasarathi Nagar guideline value

The current guideline value of Parthasarathi Nagar is Rs 4,800 per sq.ft, effective from 1 July 2024. This area is located in Vengaivasal village under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Class V Type - V.

How the guideline value of Parthasarathi Nagar has changed

The guideline value for Parthasarathi Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,800 per sq.ft, an increase from Rs 4,500 per sq.ft in the 2023 revision, marking a change of +7%. Prior to 2023, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 4,500 per sq.ft in 2023 to Rs 4,800 per sq.ft in 2024. There are no recorded values for the years 2017, 2012, 2007, 2003, and 2002, indicating a lack of data for those periods.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry 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, placing Parthasarathi Nagar's 2024 figure above this median.

• PARSN SYNERrGY: Rs 2,750 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 Parthasarathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value amounts to Rs 48,00,000. The stamp duty at 7% would be Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, bringing the total fees to Rs 4,32,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Parthasarathi Nagar?

The Sub Registrar Office that covers Parthasarathi Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vengaivasal. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property transaction occurs, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Parthasarathi Nagar?

The current guideline value of Parthasarathi Nagar is Rs 4,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 4,500 per sq.ft in 2023 to Rs 4,800 per sq.ft in 2024, which is a change of +7%.

What is the land classification of Parthasarathi Nagar?

Parthasarathi Nagar is classified as Residential Class V Type - V.

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.

How is the stamp duty calculated for properties in Parthasarathi Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,36,000.