Guideline Value for Parangusapuram

Parangusapuram guideline value

The current guideline value of Parangusapuram is Rs 300 per sq.ft, effective from 1 July 2024. This village falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Parangusapuram has changed

The guideline value for Parangusapuram has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision marked a significant increase from the previous figure, rising to Rs 201 per sq.ft, reflecting a 49% increase over the next six years.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 300 per sq.ft, with no increase observed during this period.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. The Parangusapuram guideline value is below this median.

• Pari Nagar: Rs 300 per sq.ft (2024)
• PalliKooda theru: Rs 500 per sq.ft (2024)
• Om Nagar - IV: Rs 400 per sq.ft (2024)
• Om Nagar - III: Rs 400 per sq.ft (2024)
• Om Nagar - II: Rs 400 per sq.ft (2024)
• Om Nagar - I: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Parangusapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Parangusapuram?

The Sub Registrar Office that covers Parangusapuram is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the amount of stamp duty and registration fees that need to be paid. When a property is bought or sold, the guideline value serves as a benchmark for these fees, ensuring that they are calculated based on the established rates.

It is essential for buyers and sellers to be aware of the guideline value when entering into property transactions. This knowledge helps in understanding the financial implications of the sale and ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Parangusapuram?

The current guideline value of Parangusapuram is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase from Rs 201 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Parangusapuram?

Parangusapuram is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Parangusapuram?

The Sub Registrar Office for Parangusapuram is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Parangusapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.