Guideline Value

Corporate

Guideline Value for Parameshwara Nagar 1st Lane

₹2800/sq.ft.

The guideline value for Parameshwara Nagar 1st Lane in Adambakkam village (Alandur SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /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 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹215 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹188 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Parameshwara Nagar 1st Lane

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Parameshwara Nagar 1st Lane guideline value

The current guideline value of Parameshwara Nagar 1st Lane is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of Parameshwara Nagar 1st Lane has changed

The guideline value for Parameshwara Nagar 1st Lane has seen several revisions over the years. The earliest recorded revision is from 2002, where the guideline value was Rs 188 per sq.ft. This increased to Rs 215 per sq.ft in 2003, marking a 14% rise. Following this, there was a significant increase to Rs 650 per sq.ft in 2007, which represented a 202% change. The value then rose to Rs 2,500 per sq.ft in 2012, a substantial increase of 285% from the previous revision. However, the value decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% decline. In 2023, the guideline value was revised to Rs 2,500 per sq.ft, and it further increased to the current rate of Rs 2,800 per sq.ft in 2024, which is a 12% increase.

There are no figures available for the years that do not have a specific revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 1389%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. Parameshwara Nagar 1st Lane's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Parameshwara Nagar 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, the total cost for stamp duty and registration fees would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Parameshwara Nagar 1st Lane?

The Sub Registrar Office that covers Parameshwara Nagar 1st Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Parameshwara Nagar 1st Lane?

The current guideline value of Parameshwara Nagar 1st Lane is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 188 per sq.ft in 2002 to the current value of Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1389%.

What are the stamp duty and registration fees for property in Parameshwara Nagar 1st Lane?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers Parameshwara Nagar 1st Lane?

The Alandur Sub Registrar Office covers Parameshwara Nagar 1st Lane, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Parameshwara Nagar 1st Lane?

Parameshwara Nagar 1st Lane is classified as Residential Class II Type - II.