Guideline Value for Pari Nagar

Pari Nagar guideline value

The current guideline value of Pari Nagar, located in 44.Ayanambakkam village under the Konnur SRO, is Rs 804 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - II land classification.

How the guideline value of Pari Nagar has changed

The guideline value for Pari Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 804 per sq.ft, marking a 71% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The guideline value has remained consistent at Rs 804 per sq.ft from 2023 to 2024, indicating no change during that period.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO, with guideline values ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, placing Pari Nagar's 2024 figure below that median.

• Padavettamman Koil Street: Rs 1,200 per sq.ft (2024)
• Padasalai Street: Rs 1,300 per sq.ft (2024)
• Pachaiyappan nagar: Rs 1,300 per sq.ft (2024)
• Perumal Koil Street East: Rs 1,300 per sq.ft (2024)
• Perumal Koil street West: Rs 1,300 per sq.ft (2024)
• Perumal Kovil Street: Rs 1,300 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 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total cost for these fees to Rs 72,360. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pari Nagar?

The Sub Registrar Office that covers Pari Nagar is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are accurately assessed based on the property's value.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Pari Nagar?

The current guideline value of Pari Nagar is Rs 804 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 71%, rising from Rs 469 per sq.ft to Rs 804 per sq.ft in the 2024 revision.

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

For a property valued at Rs 8,04,000, the stamp duty would be Rs 56,280 and the registration fee would be Rs 16,080, totaling Rs 72,360.

Which Sub Registrar Office is responsible for Pari Nagar?

The Konnur Sub Registrar Office is responsible for Pari Nagar, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, which is higher than the current guideline value of Pari Nagar.