Guideline Value

Corporate

Guideline Value for Parameshwara Nagar 5th Lane

₹2800/sq.ft.

The guideline value for Parameshwara Nagar 5th 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 5th Lane

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Parameshwara Nagar 5th Lane guideline value

The current guideline value of Parameshwara Nagar 5th 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 5th Lane has changed

The guideline value for Parameshwara Nagar 5th Lane has seen significant changes over the years. In 2002, the value was Rs 188 per sq.ft, which increased to Rs 215 per sq.ft in 2003, marking a 14% rise. The following revisions were notable, with the value jumping to Rs 650 per sq.ft in 2007, a substantial increase of 202%. By 2012, the value was Rs 2,500 per sq.ft, reflecting a 285% increase from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%.

In the subsequent years, the guideline value rose again, reaching Rs 2,500 per sq.ft in 2023, and then increasing to Rs 2,800 per sq.ft in 2024, which is a 12% rise. Overall, from 2002 to 2024, the guideline value has increased by 1,389%.

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 5th Lane is below this median.

Stamp duty and registration fee for property in Parameshwara Nagar 5th 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, charged at 7%, would be Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. The total cost for these 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 precise calculations based on your property details.

Which Sub Registrar Office covers Parameshwara Nagar 5th Lane?

The Sub Registrar Office that covers Parameshwara Nagar 5th 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 during property registration in Adambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall transaction costs. Buyers should ensure that the sale price is aligned with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Parameshwara Nagar 5th Lane?

The current guideline value of Parameshwara Nagar 5th 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, reflecting an overall increase of 1,389% over the years.

What is the stamp duty for property in Parameshwara Nagar 5th Lane?

The stamp duty for property in Parameshwara Nagar 5th Lane is 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Parameshwara Nagar 5th Lane?

The Alandur Sub Registrar Office handles the registration for Parameshwara Nagar 5th Lane, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How many streets in Adambakkam have a guideline value?

There are 569 streets in Adambakkam under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft.