Guideline Value for Pari Nagar

Pari Nagar guideline value

The current guideline value of Pari Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 2,350 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pari Nagar has changed

The guideline value of Pari Nagar has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 156 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking a growth of 92%. The value further surged to Rs 1,407 per sq.ft in 2017, representing a remarkable increase of 369%. By the 2023 revision, the guideline value reached Rs 2,099 per sq.ft, which was a 49% rise from the previous figure. The current 2024 revision shows a further increase of 12%, bringing the guideline value to Rs 2,350 per sq.ft.

It is important to note that the revisions for the years 2002 and 2012 do not have figures listed for this street in the register. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by an impressive 1,406%.

Guideline values in Anakaputhur

In Anakaputhur, there are a total of 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 the village is Rs 1,980 per sq.ft, placing the 2024 guideline value of Pari Nagar above this median.

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

Stamp duty and registration fee for property in Pari Nagar

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, bringing the total fees together to 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.

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

Which Sub Registrar Office covers Pari Nagar?

The Pari Nagar area 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 details.

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

The guideline value is a critical factor when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately assess the costs involved in the property transfer.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. This ensures that both parties are aware of the financial obligations associated with the transaction, providing transparency and clarity in the property buying or selling process.

Frequently asked questions

What is the current guideline value of Pari Nagar?

The current guideline value of Pari Nagar is Rs 2,350 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed over the years?

The guideline value has increased significantly, from Rs 156 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, representing an overall increase of 1,406%.

What is the registration office for Pari Nagar?

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

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

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.

What other streets in Anakaputhur have the same guideline value?

Other streets in Anakaputhur that share the same guideline value of Rs 2,350 per sq.ft include Pari Nagar Lakshmi Cross Street, Pari Nagar Lakshmi Street, Pari Nagar Mullai 1st Cross street, Pari Nagar Mullai 2nd Cross Street, Pari Nagar Mullai Street, and Pari Nagar Pilliyar Koil Street.