Guideline Value

Corporate

Guideline Value for Parameshwara Nagar 2nd Lane

₹2800/sq.ft.

The guideline value for Parameshwara Nagar 2nd 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 2nd Lane

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Parameshwara Nagar 2nd Lane guideline value

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

How the guideline value of Parameshwara Nagar 2nd Lane has changed

The guideline value for Parameshwara Nagar 2nd Lane has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 188 per sq.ft. It increased to Rs 215 per sq.ft in 2003, followed by a significant jump to Rs 650 per sq.ft in 2007. The value then rose dramatically to Rs 2,500 per sq.ft in 2012, before decreasing to Rs 1,675 per sq.ft in 2017. The most recent revisions show an increase to Rs 2,500 per sq.ft in 2023, and finally, the current value of Rs 2,800 per sq.ft from 2024.

Between the revisions, notable changes occurred. From 2002 to 2003, the increase was +14%. The value surged by +202% from 2003 to 2007, followed by a massive +285% increase from 2007 to 2012. However, there was a decline of -33% from 2012 to 2017. The value then rose by +49% from 2017 to 2023 and has increased by +12% from 2023 to 2024. 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. The guideline value for Parameshwara Nagar 2nd Lane is below this median.

Stamp duty and registration fee for property in Parameshwara Nagar 2nd 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, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parameshwara Nagar 2nd Lane?

The Sub Registrar Office that covers Parameshwara Nagar 2nd Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price, which is essential for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Parameshwara Nagar 2nd Lane?

The current guideline value of Parameshwara Nagar 2nd 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 from Rs 188 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting significant increases and a few decreases in certain years.

What is the classification of land in Parameshwara Nagar 2nd Lane?

The land classification for Parameshwara Nagar 2nd Lane is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Parameshwara Nagar 2nd Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value and the sale price. For example, if the guideline value is Rs 28,00,000, the stamp duty at 7% would be Rs 1,96,000.