Guideline Value for Pari Nagar Mullai 1st Cross street

Pari Nagar Mullai 1st Cross street guideline value

The current guideline value of Pari Nagar Mullai 1st Cross street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Pari Nagar Mullai 1st Cross street has changed

The guideline value for Pari Nagar Mullai 1st Cross street has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in the 2023 revision. The latest revision in 2024 set the value at Rs 2,350 per sq.ft, marking a 12% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 67%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a significant rise in the guideline value during that period.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value across these streets is Rs 1,980 per sq.ft, placing Pari Nagar Mullai 1st Cross street's 2024 figure above this median.

• Pari Nagar Lakshmi Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Lakshmi Cross Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Pilliyar Koil Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Pari Nagar Mullai 1st Cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, while the registration fee at 2% would be Rs 47,000. Together, the total cost for these fees would be Rs 2,11,500. 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 Mullai 1st Cross street?

The Pari Nagar Mullai 1st Cross street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the registration process reflects a fair valuation based on the established rates for different streets in the area.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware that these fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pari Nagar Mullai 1st Cross street?

The current guideline value of Pari Nagar Mullai 1st Cross street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 67% over this period.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which Sub Registrar Office is responsible for this area?

The Pammal Sub Registrar Office is responsible for Pari Nagar Mullai 1st Cross street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for this street?

Pari Nagar Mullai 1st Cross street is classified as Residential Class III Type - I, indicating its designation for residential purposes.