Guideline Value for Pari Nagar

Pari Nagar guideline value

The current guideline value of Pari Nagar, located in Pammathukulam village under the Redhills SRO, is Rs 660 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pari Nagar has changed

The guideline value for Pari Nagar has seen significant changes over the years. In 2003, the value was Rs 43 per sq.ft, which increased dramatically to Rs 300 per sq.ft by 2007, marking a rise of 598%. The value then rose to Rs 600 per sq.ft in 2012, reflecting a 100% increase. However, it decreased to Rs 402 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 600 per sq.ft in 2023, followed by a further rise to Rs 660 per sq.ft in 2024, which is a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1435%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Pammathukulam

In Pammathukulam, there are 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Pari Nagar is above this median.

• Perumal Koil Street: Rs 330 per sq.ft (2024)
• Om Velayutham Nagar: Rs 660 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 820 per sq.ft (2024)
• N.T.R. Land: Rs 660 per sq.ft (2024)
• New Valli Nagar: Rs 550 per sq.ft (2024)
• Punitha Boomi: 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pari Nagar?

The Sub Registrar Office that covers Pari Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Pari Nagar?

The current guideline value of Pari Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 43 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 1435% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000. The stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers Pari Nagar?

The Redhills Sub Registrar Office covers Pari Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Pari Nagar?

The land classification for Pari Nagar is Residential Class I Type - I, indicating its suitability for residential development.