Guideline Value for Pari Nagar

Pari Nagar guideline value

The current guideline value of Pari Nagar, located in Menambedu village under the Ambattur SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Pari Nagar has changed

The guideline value for Pari Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,600 per sq.ft in the 2023 revision and further rose to Rs 1,700 per sq.ft in the 2024 revision.

Between the revisions, there were notable changes in the guideline value. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 6%.

Guideline values in Menambedu

Menambedu village has 171 streets under the Ambattur SRO, with guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for the area is Rs 1,003 per sq.ft, making the current value of Rs 1,700 per sq.ft for Pari Nagar above this median.

• Pari Nagar 1st Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar - 2nd Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar 3rd Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar 4th Street: Rs 1,700 per sq.ft (2024)
• Pari Nagar 5th Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost together to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pari Nagar?

The Sub Registrar Office that covers Pari Nagar is 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 details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Menambedu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are based on a standardized valuation.

When a property is sold, the buyer and seller must refer to the current guideline value to assess the applicable fees. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pari Nagar?

The current guideline value of Pari Nagar 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 changed from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012.

What is the land classification of Pari Nagar?

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

What are the guideline values of other streets in Menambedu?

Other streets in Menambedu have guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft. Pari Nagar has a higher value of Rs 1,700 per sq.ft compared to the median of Rs 1,003 per sq.ft in the village.

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

The Sub Registrar Office for Pari Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.