Guideline Value for Pari Nagar Vallalar Street

Pari Nagar Vallalar Street guideline value

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

How the guideline value of Pari Nagar Vallalar Street has changed

The guideline value for Pari Nagar Vallalar Street has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, an increase of 12% from the 2023 figure of Rs 2,099 per sq.ft. Prior to that, in 2017, the value was Rs 1,407 per sq.ft, marking a 49% increase from 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. This reflects the changes in the real estate landscape in Anakaputhur over the past several years.

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 guideline value for these streets is Rs 1,980 per sq.ft, placing Pari Nagar Vallalar Street's 2024 value above this median.

• Pari Nagar Pilliyar Koil Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Vasugi Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai 1st Cross street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Lakshmi Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Pari Nagar Vallalar 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, and the registration fee at 2% would be Rs 47,000, totaling Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pari Nagar Vallalar Street?

Pari Nagar Vallalar 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 more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for completing the transaction legally.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they comply with the legal requirements and avoid any potential issues during registration. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Pari Nagar Vallalar Street?

The current guideline value of Pari Nagar Vallalar 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 changed significantly from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67% during this period.

What is the registration office for Pari Nagar Vallalar Street?

The registration office for Pari Nagar Vallalar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty rates for property in Pari Nagar Vallalar Street?

The stamp duty for property in Pari Nagar Vallalar Street is charged at 7% of the guideline value or sale price, whichever is higher.

What is the land classification for Pari Nagar Vallalar Street?

Pari Nagar Vallalar Street is classified as Residential Class III Type - I according to the local land classification regulations.