Guideline Value for Pari Nagar 4th Street

Pari Nagar 4th Street guideline value

The current guideline value of Pari Nagar 4th 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 is classified as Residential Special Type - I.

How the guideline value of Pari Nagar 4th Street has changed

The guideline value for Pari Nagar 4th Street has seen several revisions over the years. The earliest revision available is from 2012, where the value was Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,600 per sq.ft, and the latest revision in 2024 has increased it to Rs 1,700 per sq.ft.

Between the revisions, the following changes occurred: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects a rise of 6%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value in this area is Rs 1,003 per sq.ft, placing the 2024 figure of Pari Nagar 4th Street above this median.

• Pari Nagar 3rd Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar 5th Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar - 2nd Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar 1st 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pari Nagar 4th Street?

The Sub Registrar Office covering Pari Nagar 4th 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 is a crucial factor during the registration of property transactions in Menambedu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on the official valuation rather than the sale price alone.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the overall cost of the transaction. Buyers and sellers should consider this value when negotiating prices to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pari Nagar 4th Street?

The current guideline value of Pari Nagar 4th 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 back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Pari Nagar 4th Street?

Pari Nagar 4th Street is classified as Residential Special Type - I.

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

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where is the Sub Registrar Office for Pari Nagar 4th Street located?

The Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.