Guideline Value for Pari Nagar 5th Street

Pari Nagar 5th Street guideline value

The current guideline value of Pari Nagar 5th 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 the land classification is Residential Special Type - I.

How the guideline value of Pari Nagar 5th Street has changed

In the 2012 revision, the guideline value was Rs 1,600 per sq.ft. This value decreased to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the guideline value saw a significant increase of 49%, rising to Rs 1,600 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,700 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Menambedu

In Menambedu, 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 for these streets is Rs 1,003 per sq.ft, placing the 2024 figure for Pari Nagar 5th Street above the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost to Rs 1,53,000. Please note that the 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 details.

Which Sub Registrar Office covers Pari Nagar 5th Street?

The Pari Nagar 5th Street falls under 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 information.

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

The guideline value is a crucial factor in property transactions in Menambedu, as it determines the base value for registration purposes. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is officially documented and recognized by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall costs associated with property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Pari Nagar 5th Street?

The current guideline value of Pari Nagar 5th 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 seen several revisions: Rs 1,600 per sq.ft in 2012, Rs 1,072 per sq.ft in 2017, Rs 1,600 per sq.ft in 2023, and the current value of Rs 1,700 per sq.ft in 2024.

What is the land classification for Pari Nagar 5th Street?

The land classification for Pari Nagar 5th Street is Residential Special Type - I.

What is the median guideline value for streets in Menambedu?

The median guideline value for streets in Menambedu is Rs 1,003 per sq.ft, with Pari Nagar 5th Street's 2024 figure being above this median.

Where can I find the Sub Registrar Office for Pari Nagar 5th Street?

The Ambattur Sub Registrar Office covers Pari Nagar 5th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.