Guideline Value for Paraniputhur Road

Paraniputhur Road guideline value

The current guideline value of Paraniputhur Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Kerugambakkam village under the Pammal Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Paraniputhur Road has changed

The guideline value for Paraniputhur Road has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Paraniputhur Road.

• Pattammal Garden: Rs 2,750 per sq.ft (2024)
• Pattammal Garden Extension - I: Rs 4,105 per sq.ft (2024)
• Palayathamman Koil Street: Rs 1,980 per sq.ft (2024)
• Periyar Salai: Rs 1,980 per sq.ft (2024)
• Perumal Koil Street (ward 4): Rs 1,980 per sq.ft (2024)
• Perumal Koil Street (ward 7): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Paraniputhur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Paraniputhur Road?

The Paraniputhur Road is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kerugambakkam. It helps determine the stamp duty and registration fees applicable to the transaction, ensuring that the fees are calculated based on the official value set by the government.

When a property is registered, the guideline value serves as a benchmark. Buyers and sellers must be aware of this value as it directly impacts the financial aspects of the property transaction.

Frequently asked questions

What is the current guideline value of Paraniputhur Road?

The current guideline value of Paraniputhur Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, representing a total increase of 64% over the seven years.

What is the land classification for Paraniputhur Road?

The land classification for Paraniputhur Road is Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Paraniputhur Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% on the guideline value.