Guideline Value

Corporate

Guideline Value for Parthasarathy Nagar II

₹770/sq.ft.

The guideline value for Parthasarathy Nagar Ii in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 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

Vilangadupakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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 Parthasarathy Nagar Ii

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Parthasarathy Nagar II guideline value

The current guideline value of Parthasarathy Nagar II is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village, under the Redhills Sub Registrar Office (SRO) jurisdiction. The land classification for this street is Residential Class I Type - I.

How the guideline value of Parthasarathy Nagar II has changed

The guideline value for Parthasarathy Nagar II has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a 100% rise. The value continued to rise to Rs 469 per sq.ft in 2017, an increase of 17%. The next revision in 2023 set the value at Rs 700 per sq.ft, reflecting a 49% increase from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 770 per sq.ft, a 10% increase from 2023. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO carrying a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. Parthasarathy Nagar II's 2024 guideline value of Rs 770 per sq.ft is above the median value.

Stamp duty and registration fee for property in Parthasarathy Nagar II

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost together to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parthasarathy Nagar II?

The Sub Registrar Office that covers Parthasarathy Nagar II 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 Vilangadupakkam

The guideline value is a crucial factor when registering property transactions in Vilangadupakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the registration process. It is important for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Parthasarathy Nagar II?

The current guideline value of Parthasarathy Nagar II is Rs 770 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 770 per sq.ft in 2024, reflecting an overall increase of 285% over the years.

What is the registration fee for property in Parthasarathy Nagar II?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 7,70,000, the registration fee would be Rs 15,400.

Where can I find the Sub Registrar Office for Parthasarathy Nagar II?

The Sub Registrar Office for Parthasarathy Nagar II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. This ensures that the correct amount is paid during the registration process.