Guideline Value

Corporate

Guideline Value for Parmasivan Street

₹385/sq.ft.

The guideline value for Parmasivan Street in Orakadu & Kiruthalapuram village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Orakadu & Kiruthalapuram

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Parmasivan Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Parmasivan Street guideline value

The current guideline value of Parmasivan Street is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Orakadu & Kiruthalapuram village, under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Parmasivan Street has changed

The guideline value of Parmasivan Street has undergone several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it then decreased to Rs 234 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 350 per sq.ft in 2023, and finally to Rs 385 per sq.ft in 2024, marking a 10% rise from the previous year.

In summary, the changes in the guideline value from 2007 to 2024 reflect an overall increase of 28%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 385 per sq.ft, which is equal to the 2024 figure for Parmasivan Street.

Stamp duty and registration fee for property in Parmasivan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total to Rs 34,650. 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 Parmasivan Street?

The Sub Registrar Office that covers Parmasivan Street 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 details.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value is a crucial factor in the registration process for property transactions in Orakadu & Kiruthalapuram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges reflect the property's assessed value.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall transaction costs. Buyers should consider this value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Parmasivan Street?

The current guideline value of Parmasivan Street is Rs 385 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 2007 to Rs 385 per sq.ft in 2024, reflecting an overall increase of 28% over the years.

What are the stamp duty and registration fees for properties on Parmasivan Street?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 26,950, and the registration fee would be Rs 7,700, totaling Rs 34,650.

Which office handles property registration for Parmasivan Street?

The Redhills Sub Registrar Office handles property registration for Parmasivan Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the charges reflect the property's assessed value, influencing the overall costs for buyers and sellers.