Guideline Value for Pari Nagar 3rd Street

Pari Nagar 3rd Street guideline value

The current guideline value of Pari Nagar 3rd Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Pari Nagar 3rd Street has changed

The guideline value for Pari Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which decreased by 33% to Rs 1,072 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,600 per sq.ft, and the most recent 2024 revision raised it to Rs 1,700 per sq.ft, marking a 6% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO, with guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value is Rs 1,003 per sq.ft, placing Pari Nagar 3rd Street's 2024 figure above this median.

• Pari Nagar - 2nd Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar 4th Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar 1st Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar 5th Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar: Rs 1,700 per sq.ft (2024)
• Pallvan Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Pari Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 17,00,000. The stamp duty at 7% amounts to Rs 1,19,000, while the registration fee at 2% is Rs 34,000, bringing the total to Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pari Nagar 3rd Street?

The Sub Registrar Office that covers Pari Nagar 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Menambedu. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value is referenced to ensure that the appropriate fees are levied based on the official rates set by the government. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Pari Nagar 3rd Street?

The current guideline value of Pari Nagar 3rd Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the registration office for Pari Nagar 3rd Street?

The registration office for Pari Nagar 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for property in Pari Nagar 3rd Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 1,53,000, which includes Rs 1,19,000 for stamp duty and Rs 34,000 for registration fees.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.