Guideline Value for Pari Nagar

Pari Nagar guideline value

The current guideline value of Pari Nagar, located in Naduveerapattu village under the Padappai SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Pari Nagar has changed

The guideline value for Pari Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 300 per sq.ft. This value decreased to Rs 201 per sq.ft in the 2017 revision. However, it rebounded significantly to Rs 300 per sq.ft in the 2023 revision, and further increased to Rs 330 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Naduveerapattu

Naduveerapattu village has 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, indicating that Pari Nagar's 2024 figure is below this median.

• Periyapalayathamman Kovil Street: Rs 830 per sq.ft (2024)
• P.G.S Green Land: Rs 660 per sq.ft (2024)
• P.G.S GreenLand Phase-II: Rs 660 per sq.ft (2024)
• N.M.Nagar: Rs 1,210 per sq.ft (2024)
• Prem Nagar: Rs 550 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 550 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 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pari Nagar?

The Pari Nagar area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Naduveerapattu. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the fees are calculated based on the higher of the guideline value or the sale price.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly in the official register. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pari Nagar?

The current guideline value of Pari Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Pari Nagar?

Pari Nagar is classified as Residential Class III Type - I, which indicates its designated use for residential purposes.

What is the registration office for Pari Nagar?

The registration office for Pari Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 330 per sq.ft, the total fees would amount to Rs 29,700.