Guideline Value for Parasakthi Nagar 1st Main Road
₹1300/sq.ft.
The guideline value for Parasakthi Nagar 1st Main Road in Rajakilpakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Rajakilpakkam
Village
Selaiyur
SRO
Residential Class II Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1300 /sq.ft. |
| From 1-4-2023 | ₹1200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹804 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1200 /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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Parasakthi Nagar 1st Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Parasakthi Nagar 1st Main Road guideline value
The current guideline value of Parasakthi Nagar 1st Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.
How the guideline value of Parasakthi Nagar 1st Main Road has changed
The guideline value for Parasakthi Nagar 1st Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. Subsequently, the value increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.
From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The latest revision from 2023 to 2024 shows an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.
Guideline values in Rajakilpakkam
In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value of Parasakthi Nagar 1st Main Road is below this median.
- Parasakthi Nagar 1st Cross Street: Rs 1,300 per sq.ft (2024)
- Parasakthi Nagar 1st Street: Rs 1,300 per sq.ft (2024)
- Parasakthi Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)
- Parasakthi Nagar: Rs 1,300 per sq.ft (2024)
- Parasakthi Nagar 2nd Main Road: Rs 1,300 per sq.ft (2024)
- Parasakthi Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
Stamp duty and registration fee for property in Parasakthi Nagar 1st Main Road
For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 further calculations.
Which Sub Registrar Office covers Parasakthi Nagar 1st Main Road?
The Parasakthi Nagar 1st Main Road falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Rajakilpakkam
The guideline value plays a crucial role during the registration process of property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted fairly and transparently.
When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline values.
Frequently asked questions
What is the current guideline value for Parasakthi Nagar 1st Main Road?
The current guideline value for Parasakthi Nagar 1st Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.
What is the land classification for this area?
The land classification for Parasakthi Nagar 1st Main Road is Residential Class II Type - II.
What is the median guideline value in Rajakilpakkam?
The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, with the values for various streets ranging from Rs 850 to Rs 5,000 per sq.ft.
Where can I find the Selaiyur Sub Registrar Office?
The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
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