Guideline Value for Parthasarathy Pillai Street

Parthasarathy Pillai Street guideline value

The current guideline value of Parthasarathy Pillai Street is Rs 2,700 per sq.ft. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Special Type - II.

How the guideline value of Parthasarathy Pillai Street has changed

The guideline value for Parthasarathy Pillai Street has undergone several revisions over the years. The earliest revision recorded is from 2007, where the guideline value was Rs 800 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 213%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an increase of 61% from the 2017 figure.

It is important to note that there are no figures recorded for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 238%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Parthasarathy Pillai Street is above this median.

• ParthaSarathy Service Street: Rs 2,700 per sq.ft (2024)
• Parthasarathy Street 1st Lane: Rs 2,700 per sq.ft (2024)
• Parthasarathy Street 2nd Lane: Rs 2,700 per sq.ft (2024)
• Parthasarathy Street 3rd Lane: Rs 2,700 per sq.ft (2024)
• Parthasarathy Street 4th Lane: Rs 2,700 per sq.ft (2024)
• Parthasarathy Street 5th Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Parthasarathy Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Parthasarathy Pillai Street?

The Sub Registrar Office that covers Parthasarathy Pillai Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will consider the guideline value to assess the applicable fees, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Parthasarathy Pillai Street?

The current guideline value of Parthasarathy Pillai Street is Rs 2,700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What is the land classification for Parthasarathy Pillai Street?

Parthasarathy Pillai Street is classified as Residential Special Type - II.

Where can I find the registration office for Parthasarathy Pillai Street?

The registration office for Parthasarathy Pillai Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7% of the guideline value.