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Guideline Value

Corporate

Guideline Value for Parameshwara Nagar South Main Road 1st Street

₹2800/sq.ft.

The guideline value for Parameshwara Nagar South Main Road 1st Street 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 ₹296 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹259 /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 South Main Road 1st Street

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Parameshwara Nagar South Main Road 1st Street guideline value

The current guideline value of Parameshwara Nagar South Main Road 1st Street 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 South Main Road 1st Street has changed

The guideline value for Parameshwara Nagar South Main Road 1st Street has seen several revisions over the years. The earliest recorded figure is from 2002, at Rs 259 per sq.ft. This figure increased to Rs 296 per sq.ft in 2003, marking a 14% rise. The value then experienced a significant increase of 120% to reach Rs 650 per sq.ft in 2007. Following this, the value surged dramatically by 285% to Rs 2,500 per sq.ft in 2012. However, there was a decline of 33% to Rs 1,675 per sq.ft in 2017. The guideline value rose again by 49% to Rs 2,500 per sq.ft in 2023, and most recently, it has increased by 12% to the current value of Rs 2,800 per sq.ft in 2024.

There are no figures available for the revisions in years other than those mentioned. The overall change from 2002 to 2024 shows an increase of 981% in the guideline value for this street.

Guideline values in Adambakkam

In Adambakkam, there are a total of 569 streets under the Alandur SRO that carry a guideline value for 2024, 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, indicating that the guideline value for Parameshwara Nagar South Main Road 1st Street is below this median.

Stamp duty and registration fee for property in Parameshwara Nagar South Main Road 1st Street

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, leading to a total of 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 precise calculations.

Which Sub Registrar Office covers Parameshwara Nagar South Main Road 1st Street?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues. The registration office will use the guideline value to calculate the applicable fees, ensuring transparency in the transaction.

Frequently asked questions

What is the current guideline value of Parameshwara Nagar South Main Road 1st Street?

The current guideline value of Parameshwara Nagar South Main Road 1st Street 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 259 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 981% over the years.

What is the median guideline value in Adambakkam?

The median guideline value in Adambakkam is Rs 3,900 per sq.ft, which indicates that the value for Parameshwara Nagar South Main Road 1st Street is below this median.

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.

Where is the Sub Registrar Office for Parameshwara Nagar South Main Road 1st Street located?

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