Guideline Value for Parathapper amman koil street

Parathapper amman koil street guideline value

The current guideline value of Parathapper amman koil street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Poonthandalam village, under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Parathapper amman koil street has changed

The guideline value for Parathapper amman koil street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 300 per sq.ft. In 2017, it decreased to Rs 201 per sq.ft, followed by an increase to Rs 300 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Poonthandalam

Poonthandalam village has a range of guideline values across its streets, with nine streets under the Tambaram Joint 1 SRO carrying a 2024 figure ranging from Rs 330 to Rs 550 per sq.ft. Parathapper amman koil street's 2024 figure is equal to the median value of Rs 330 per sq.ft.

• Perumal koil street: Rs 330 per sq.ft (2024)
• Pillayar koil street: Rs 330 per sq.ft (2024)
• Sai Jothi Nagar: Rs 440 per sq.ft (2024)
• Selliamman koil street: Rs 330 per sq.ft (2024)
• Gangaiamman koil street: Rs 330 per sq.ft (2024)
• Bajanai Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Parathapper amman koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. It is important to note that 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 Parathapper amman koil street?

The Parathapper amman koil street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Poonthandalam

The guideline value is a crucial factor when registering property transactions in Poonthandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property, which can influence negotiations and final sale prices. It is essential to be aware of the current guideline values to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Parathapper amman koil street?

The current guideline value of Parathapper amman koil street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the median guideline value in Poonthandalam?

The median guideline value in Poonthandalam is Rs 330 per sq.ft, with Parathapper amman koil street's current value aligning with this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700 for these fees.

Where is the Sub Registrar Office for Parathapper amman koil street located?

The Sub Registrar Office covering Parathapper amman koil street is located at No.26, Mes Road, East Tambaram, Chennai-600059.