Guideline Value for Pari Cross Street

Pari Cross Street guideline value

The current guideline value of Pari Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Pari Cross Street has changed

The guideline value for Pari Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. In 2023, the value increased to Rs 1,500 per sq.ft, and the latest revision in 2024 brought it up to Rs 1,650 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Pari Cross Street.

• Pari Street: Rs 1,650 per sq.ft (2024)
• Paranar Street: Rs 2,750 per sq.ft (2024)
• Pandithar Street: Rs 1,650 per sq.ft (2024)
• Parthipan Street: Rs 1,100 per sq.ft (2024)
• Pamban Swamigal Street: Rs 3,850 per sq.ft (2024)
• Pamban Swamigal salai: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Pari Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pari Cross Street?

The Sub Registrar Office that covers Pari Cross Street is 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 Chitlapakkam

The guideline value is an essential factor when registering property in Chitlapakkam. It determines the minimum value at which a property can be sold or transferred, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a property transaction, the guideline value helps establish a fair price for the property. It is crucial to consider this value during negotiations and finalizing the sale to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pari Cross Street?

The current guideline value of Pari Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with notable fluctuations in between, including a decrease to Rs 1,005 per sq.ft in 2017.

What is the land classification of Pari Cross Street?

Pari Cross Street is classified as Residential Class I Type - III.

What are the other streets in Chitlapakkam with their guideline values?

Other streets in Chitlapakkam include Pari Street and Pandithar Street, both at Rs 1,650 per sq.ft, while Paranar Street is at Rs 2,750 per sq.ft. The values vary across different streets in the area.

Where can I find the Sub Registrar Office for Pari Cross Street?

The Tambaram Joint 1 Sub Registrar Office, which covers Pari Cross Street, is located at No.26, mes Road, East Tambaram, Chennai-600059.