Guideline Value for Parimelagar Street

Parimelagar Street guideline value

The current guideline value of Parimelagar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Parimelagar Street has changed

The guideline value for Parimelagar Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, it saw a decrease to Rs 670 per sq.ft in the 2017 revision. The value then rose to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft as per the 2024 revision, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 450% from the 2007 revision to the current 2024 figure. Notably, there are no figures available for Parimelagar Street in the 2002 and 2003 revisions.

Guideline values in Periyakuppam

In Periyakuppam village, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. Parimelagar Street's current guideline value matches this median.

• Pallavan Street: Rs 1,100 per sq.ft (2024)
• Periyakuppam Colony: Rs 879 per sq.ft (2024)
• Pakthavachalam Street: Rs 1,650 per sq.ft (2024)
• Padmini Nagar: Rs 879 per sq.ft (2024)
• Om Ganesh Nagar: Rs 879 per sq.ft (2024)
• N.G.G.O.Colony: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Parimelagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parimelagar Street?

The Sub Registrar Office that covers Parimelagar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, thus helping to maintain transparency in property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Parimelagar Street?

The current guideline value of Parimelagar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification of Parimelagar Street?

Parimelagar Street is classified as Residential Class I Type - III.

What is the stamp duty rate for properties in Parimelagar Street?

The stamp duty rate for properties in Parimelagar Street is 7%, which is applied to the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Parimelagar Street?

The Sub Registrar Office for Parimelagar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.