Guideline Value for PARVADHAVARDHINI NAGAR

Parvadhavardhini Nagar guideline value

The current guideline value of Parvadhavardhini Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Pyanoor village under the Thiruporur SRO and is classified as Residential Class II Type - I.

How the guideline value of Parvadhavardhini Nagar has changed

The guideline value for Parvadhavardhini Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, and then rose again to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%.

Guideline values in Pyanoor

In Pyanoor, there are five streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 495 per sq.ft. The median value for these streets is Rs 331 per sq.ft, placing Parvadhavardhini Nagar's current value above this median.

• Mamallan Artiste Villages: Rs 275 per sq.ft (2024)
• Saraswathi Nagar Annex: Rs 495 per sq.ft (2024)
• Varsha Township Phase I: Rs 331 per sq.ft (2024)
• Varsha Township Phase II: Rs 331 per sq.ft (2024)

Stamp duty and registration fee for property in Parvadhavardhini Nagar

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty is charged at 7%, totaling Rs 30,800, while the registration fee is 2%, amounting to Rs 8,800. Together, the total cost for stamp duty and registration fee would be Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Parvadhavardhini Nagar?

The Sub Registrar Office that covers Parvadhavardhini Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pyanoor. It serves as the basis for calculating stamp duty and registration fees, which are essential costs in any property transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Parvadhavardhini Nagar?

The current guideline value of Parvadhavardhini Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Parvadhavardhini Nagar?

Parvadhavardhini Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Parvadhavardhini Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 4,40,000, the total fees would amount to Rs 39,600.

Which office handles registrations for Parvadhavardhini Nagar?

The Thiruporur Sub Registrar Office handles registrations for Parvadhavardhini Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.