Guideline Value

Corporate

Guideline Value for Parameshwara Nagar Main Road

₹2800/sq.ft.

The guideline value for Parameshwara Nagar Main Road 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 ₹321 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹281 /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 Main Road

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Parameshwara Nagar Main Road guideline value

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

How the guideline value of Parameshwara Nagar Main Road has changed

The guideline value for Parameshwara Nagar Main Road has seen several revisions over the years. Starting from Rs 281 per sq.ft in 2002, the value increased to Rs 321 per sq.ft in 2003, marking a 14% rise. In 2007, the value surged to Rs 650 per sq.ft, reflecting a significant increase of 102%. The 2012 revision brought the value back to Rs 2,500 per sq.ft, which was a decrease of 285% from the previous revision. Following this, in 2017, the value was revised to Rs 1,675 per sq.ft, showing a 33% drop.

In 2023, the value increased to Rs 2,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,800 per sq.ft, representing a 12% increase. Overall, from 2002 to 2024, the guideline value has risen by 896%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing the 2024 figure for Parameshwara Nagar Main Road below this median. Below are other streets in Adambakkam:

Stamp duty and registration fee for property in Parameshwara Nagar Main Road

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

Which Sub Registrar Office covers Parameshwara Nagar Main Road?

The Sub Registrar Office covering Parameshwara Nagar Main Road 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 buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When registering a property, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state revenue is adequately collected during property transactions.

Frequently asked questions

What is the current guideline value of Parameshwara Nagar Main Road?

The current guideline value of Parameshwara Nagar Main Road 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 281 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 896% over this period.

What are the other streets in Adambakkam with the same guideline value?

Other streets in Adambakkam with the same guideline value of Rs 2,800 per sq.ft in 2024 include Parameshwara Nagar 6th Lane, Parameshwara Nagar South Main Road 1st Street, Parameshwara Nagar 5th Lane, Parameshwara Nagar 4th Lane, Parameshwara Nagar 3rd Lane, and Parameshwara Nagar 2nd Lane.

What is the stamp duty for property in Parameshwara Nagar Main Road?

The stamp duty for property in Parameshwara Nagar Main Road is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,96,000.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. This office handles registrations for properties in the area.