Guideline Value

Corporate

Guideline Value for Parameshwari Nagar 1st Street Extension

₹6600/sq.ft.

The guideline value for Parameshwari Nagar 1st Street Extension in Urur village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Parameshwari Nagar 1st Street Extension

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Parameshwari Nagar 1st Street Extension guideline value

The current guideline value of Parameshwari Nagar 1st Street Extension is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Parameshwari Nagar 1st Street Extension has changed

The guideline value for Parameshwari Nagar 1st Street Extension has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, which is a 10% increase from Rs 6,000 per sq.ft in 2023. Prior to that, in 2017, the guideline value was Rs 4,020 per sq.ft, marking a significant 49% increase to the 2023 figure. In 2012, the value was Rs 6,000 per sq.ft, which reflects a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, and 2007 regarding this street. Therefore, the earliest revision available is from 2012, which was Rs 6,000 per sq.ft.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the 2024 figure for Parameshwari Nagar 1st Street Extension.

Stamp duty and registration fee for property in Parameshwari Nagar 1st Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees together Rs 5,94,000. 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 detailed calculations.

Which Sub Registrar Office covers Parameshwari Nagar 1st Street Extension?

The Sub Registrar Office that covers Parameshwari Nagar 1st Street Extension is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, which are essential for the legal transfer of ownership. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Parameshwari Nagar 1st Street Extension?

The current guideline value of Parameshwari Nagar 1st Street Extension is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, marking a 10% increase. It rose significantly from Rs 4,020 per sq.ft in 2017 to Rs 6,000 per sq.ft in 2023, which is a 49% increase.

What is the land classification for Parameshwari Nagar 1st Street Extension?

Parameshwari Nagar 1st Street Extension is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office covers Parameshwari Nagar 1st Street Extension and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000.