Guideline Value

Corporate

Guideline Value for Parameshwara Nagar 3rd Lane

₹2800/sq.ft.

The guideline value for Parameshwara Nagar 3rd 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 3rd Lane

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Parameshwara Nagar 3rd Lane guideline value

The current guideline value of Parameshwara Nagar 3rd Lane is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Parameshwara Nagar 3rd Lane has changed

The guideline value for Parameshwara Nagar 3rd Lane has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 188 per sq.ft. It increased to Rs 215 per sq.ft in 2003, followed by a significant rise to Rs 650 per sq.ft in 2007. The value then saw a substantial increase to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before rising again to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2003, the increase was +14%. The value rose by +202% from 2003 to 2007, followed by a +285% increase from 2007 to 2012. The value then decreased by -33% from 2012 to 2017, before increasing by +49% from 2017 to 2023. The latest revision from 2023 to 2024 saw an increase of +12%. 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. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Parameshwara Nagar 3rd Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Parameshwara Nagar 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total fees Rs 2,52,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Parameshwara Nagar 3rd Lane?

The Sub Registrar Office that covers Parameshwara Nagar 3rd 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Adambakkam. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is recorded accurately and that the correct fees are paid to the government.

Frequently asked questions

What is the current guideline value of Parameshwara Nagar 3rd Lane?

The current guideline value of Parameshwara Nagar 3rd 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 significantly from Rs 188 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, marking an overall increase of +1389% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles the registration for Parameshwara Nagar 3rd Lane?

The Alandur Sub Registrar Office is responsible for the registration of properties in Parameshwara Nagar 3rd Lane, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Adambakkam?

The median guideline value for streets in Adambakkam is Rs 3,900 per sq.ft, while Parameshwara Nagar 3rd Lane's guideline value is below this median at Rs 2,800 per sq.ft.