Guideline Value

Corporate

Guideline Value for Pandu Beeman Lane

₹2750/sq.ft.

The guideline value for Pandu Beeman Lane in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹338 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹270 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Pandu Beeman Lane

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Pandu Beeman Lane guideline value

The current guideline value of Pandu Beeman Lane is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pandu Beeman Lane has changed

The guideline value for Pandu Beeman Lane has seen several revisions over the years. In 2002, the value was Rs 270 per sq.ft, which increased to Rs 338 per sq.ft in 2003. Following this, the value rose significantly to Rs 800 per sq.ft in 2007. The 2012 revision recorded a value of Rs 2,500 per sq.ft, which was a decrease from the previous revision. In 2017, the value increased to Rs 1,675 per sq.ft, and the 2023 revision set it at Rs 2,500 per sq.ft. The most recent revision in 2024 established the current value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 919%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 213% increase from 2007 to 2012. The register has no figure for this street in the years not mentioned above.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, placing Pandu Beeman Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Pandu Beeman Lane

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would amount to Rs 55,000, together totaling Rs 2,47,500. It is important to note that the 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 Pandu Beeman Lane?

The Sub Registrar Office that covers Pandu Beeman Lane is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Parangimalai. It is used to determine the minimum value of a property for registration purposes, ensuring that all transactions are recorded accurately and transparently.

When a property is sold, the guideline value is considered for calculating stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pandu Beeman Lane?

The current guideline value of Pandu Beeman Lane is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 270 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 919% over the years.

What is the stamp duty rate for properties in Pandu Beeman Lane?

The stamp duty rate for properties in Pandu Beeman Lane is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pandu Beeman Lane?

The Sub Registrar Office for Pandu Beeman Lane is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

What are the other streets in Parangimalai with their guideline values?

Other streets in Parangimalai include Parade Road at Rs 4,400 per sq.ft, Palwells Street at Rs 3,850 per sq.ft, and Pallavaram Road at Rs 4,400 per sq.ft, among others.