Guideline Value for Parasakthi Nagar 2nd Main Road

Parasakthi Nagar 2nd Main Road guideline value

The current guideline value for Parasakthi Nagar 2nd 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, classified as Residential Class II Type - II.

How the guideline value of Parasakthi Nagar 2nd Main Road has changed

Over the years, the guideline value for Parasakthi Nagar 2nd Main Road has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 804 per sq.ft, marking a decrease of 33%. In 2023, the value increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year.

From 2017 to 2023, the value rose significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value is Rs 2,150 per sq.ft, indicating that the guideline value for Parasakthi Nagar 2nd Main Road is below this median.

• Parasakthi Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Parasakthi Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Parasakthi Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Parasakthi Nagar 1st Main Road: Rs 1,300 per sq.ft (2024)
• Parasakthi Nagar 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Parasakthi Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Parasakthi Nagar 2nd 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 amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that 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 Parasakthi Nagar 2nd Main Road?

The Parasakthi Nagar 2nd 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 is a crucial factor when registering property in Rajakilpakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded at a recognized value.

When buying or selling property, the guideline value helps establish a baseline for the transaction, which can affect the overall costs involved in the registration process. Buyers should be aware that the actual sale price may influence the final fees if it exceeds the guideline value.

Frequently asked questions

What is the current guideline value of Parasakthi Nagar 2nd Main Road?

The current guideline value for Parasakthi Nagar 2nd 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 several times, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the registration office for this area?

The registration office for Parasakthi Nagar 2nd Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What are the stamp duty and registration fees for buying property here?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,17,000.

Where can I find more information about the guideline values in Rajakilpakkam?

More information about the guideline values in Rajakilpakkam can be found on the Registration Department's guideline value register (TNReginet) or by visiting the Selaiyur SRO.