Guideline Value for PARVETTAI CHAVADI

Parvettai Chavadi guideline value

The current guideline value of Parvettai Chavadi is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class V Type - III.

How the guideline value of Parvettai Chavadi has changed

The guideline value for Parvettai Chavadi has seen several revisions over the years. In 2002, the value was Rs 1,151 per sq.ft, which increased to Rs 1,273 per sq.ft in 2003, marking a change of +11%. By 2007, the value rose to Rs 1,300 per sq.ft, a modest increase of +2%. The value then saw a significant jump to Rs 3,200 per sq.ft in 2012, reflecting a change of +146%. However, it decreased to Rs 2,144 per sq.ft by 2017, a decline of -33%. The value further increased to Rs 3,200 per sq.ft in 2023, and the latest revision for 2024 shows a current rate of Rs 3,520 per sq.ft, which is a +10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by +206%. Notably, there are no figures available for the years not listed in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Parvettai Chavadi's 2024 figure below that median.

• Parvathi Street: Rs 11,000 per sq.ft (2024)
• Pazhandiamman Koil Street: Rs 3,520 per sq.ft (2024)
• Pari Street T.N.H.B.: Rs 11,000 per sq.ft (2024)
• Periyar E.V.R Salai (Lakshmipuram): Rs 7,150 per sq.ft (2024)
• Periyar Nagar / Street: Rs 7,150 per sq.ft (2024)
• Palagai Varavathi Salai: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Parvettai Chavadi

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. 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 details.

Which Sub Registrar Office covers Parvettai Chavadi?

The Sub Registrar Office that covers Parvettai Chavadi is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Parvettai Chavadi?

The current guideline value of Parvettai Chavadi is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,151 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of +206%.

What is the land classification for Parvettai Chavadi?

The land classification for Parvettai Chavadi is Residential Class V Type - III.

What are the stamp duty and registration fees for property in Parvettai Chavadi?

For a 1,000 sq.ft property, the total guideline value is Rs 35,20,000. The stamp duty at 7% is Rs 2,46,400, and the registration fee at 2% is Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Parvettai Chavadi?

The Chennai South Joint I Sub Registrar Office covers Parvettai Chavadi, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.