Guideline Value for Parameshwari Amman Nagar

Parameshwari Amman Nagar guideline value

The current guideline value of Parameshwari Amman Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Parameshwari Amman Nagar has changed

The guideline value for Parameshwari Amman Nagar has seen several revisions over the years. The earliest recorded value was Rs 60 per sq.ft in 2007, which increased significantly to Rs 600 per sq.ft in 2012. However, this value remained unchanged until the 2017 revision, where it increased to Rs 402 per sq.ft. Following that, the value rose to Rs 600 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%. The most notable change occurred from 2007 to 2012, where the value surged by 900%. Overall, from 2007 to 2024, the guideline value has increased by 900%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, indicating that Parameshwari Amman Nagar's 2024 figure is below this median.

• Periyar Kudiyirupu: Rs 1,200 per sq.ft (2024)
• Padavattamman Koil Street: Rs 747 per sq.ft (2024)
• Peruvazhi Nagar: Rs 800 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 700 per sq.ft (2024)
• New Chennai City Phase - I: Rs 670 per sq.ft (2024)
• NEW Chennai City: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Parameshwari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 details.

Which Sub Registrar Office covers Parameshwari Amman Nagar?

The Sub Registrar Office that covers Parameshwari Amman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property is registered, the guideline value is used to assess the applicable duties. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the total cost involved in the transaction.

Frequently asked questions

What is the current guideline value of Parameshwari Amman Nagar?

The current guideline value of Parameshwari Amman Nagar is Rs 600 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 60 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, with further increases noted in subsequent revisions. The value remained at Rs 600 per sq.ft from 2012 until the 2024 revision.

What are the stamp duty and registration fees for property in Parameshwari Amman Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Parameshwari Amman Nagar?

The Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone, covers Parameshwari Amman Nagar.

What is the land classification for Parameshwari Amman Nagar?

The land classification for Parameshwari Amman Nagar is Residential Class I Type - I, indicating it is designated for residential purposes.