Guideline Value for PARTHASARATHI NAIDU STREET

Parthasarathi Naidu Street guideline value

The current guideline value of Parthasarathi Naidu Street is Rs 1,110 per sq.ft. This street is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Parthasarathi Naidu Street has changed

The guideline value for Parthasarathi Naidu Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. Following that, the value rose to Rs 1,000 per sq.ft in 2023 and has now reached Rs 1,110 per sq.ft in the 2024 revision, effective from 1 July 2024. The register has no figures for the years 2002 and 2003.

Between the revisions, the changes were notable. From 2007 to 2012, there was a substantial increase of 300%. However, from 2012 to 2017, the value decreased by 33%. The increase from 2017 to 2023 was 49%, and the latest revision shows an increase of 11% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 344%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Parthasarathi Naidu Street's 2024 figure at the median level.

• Pallipattu Narasimhachari Street: Rs 1,110 per sq.ft (2024)
• Periya Colony Madha Koil Street: Rs 660 per sq.ft (2024)
• Periya Colony Mariamman Koil Street: Rs 660 per sq.ft (2024)
• Periya Colony North Street: Rs 660 per sq.ft (2024)
• Perumal Koil Street (a) Sannadhi Street: Rs 1,100 per sq.ft (2024)
• Old Police Otha Vaadai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Parthasarathi Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, totaling Rs 99,900. 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 Parthasarathi Naidu Street?

The Sub Registrar Office that covers Parthasarathi Naidu Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering property transactions in Mathuranthagam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in assessing the fair value of the property and plays a crucial role in the registration process at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Parthasarathi Naidu Street?

The current guideline value of Parthasarathi Naidu Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, showing an overall increase of 344% over the years.

What is the land classification of Parthasarathi Naidu Street?

Parthasarathi Naidu Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Parthasarathi Naidu Street?

The Sub Registrar Office for Parthasarathi Naidu Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 11,10,000, the total fees would amount to Rs 99,900.