Guideline Value for Pari Nagar

Pari Nagar guideline value

The current guideline value of Pari Nagar, located in Thodukadu village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Pari Nagar has changed

In the 2007 revision, the guideline value was Rs 60 per sq.ft. This increased significantly in the 2012 revision to Rs 300 per sq.ft, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 201 per sq.ft, a drop of 33%. The value then rose again to Rs 300 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

Between 2017 and 2023, the guideline value increased by 49%, bringing it back to Rs 300 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 400%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Pari Nagar is below this median.

• Parangusapuram: Rs 300 per sq.ft (2024)
• PalliKooda theru: Rs 500 per sq.ft (2024)
• Om Nagar - IV: Rs 400 per sq.ft (2024)
• Om Nagar - III: Rs 400 per sq.ft (2024)
• Om Nagar - II: Rs 400 per sq.ft (2024)
• Om Nagar - I: Rs 400 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. 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?

The Pari Nagar area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thodukadu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pari Nagar?

The current guideline value of Pari Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 60 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreasing to Rs 201 per sq.ft in 2017, and finally returning to Rs 300 per sq.ft by 2023 and 2024.

What is the median guideline value in Thodukadu?

The median guideline value in Thodukadu is Rs 400 per sq.ft, with Pari Nagar's current value being below this median.

What are the stamp duty rates for properties in Pari Nagar?

The stamp duty rate for properties in Pari Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.