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Guideline Value

Corporate

Guideline Value for Parthasarathy Pillai 2nd lane

₹4900/sq.ft.

The guideline value for Parthasarathy Pillai 2nd Lane in Ayanavaram village (Annanagar SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayanavaram

Village

AnnaNagar

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Pillai 2nd Lane

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Parthasarathy Pillai 2nd lane guideline value

The current guideline value of Parthasarathy Pillai 2nd lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This lane is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Parthasarathy Pillai 2nd lane has changed

The guideline value for Parthasarathy Pillai 2nd lane has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 350% rise. However, in 2017, the value decreased to Rs 3,015 per sq.ft, which was a decline of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, followed by the current revision in 2024, which set the guideline value at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 390%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which is equal to the guideline value of Parthasarathy Pillai 2nd lane.

Stamp duty and registration fee for property in Parthasarathy Pillai 2nd lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Parthasarathy Pillai 2nd lane?

The Parthasarathy Pillai 2nd lane is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ayanavaram. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Parthasarathy Pillai 2nd lane?

The current guideline value of Parthasarathy Pillai 2nd lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,000 per sq.ft in 2007, rising to Rs 4,500 in 2012, decreasing to Rs 3,015 in 2017, then increasing to Rs 4,500 in 2023, and finally reaching Rs 4,900 in 2024.

What is the land classification for Parthasarathy Pillai 2nd lane?

The land classification for Parthasarathy Pillai 2nd lane is Residential Class I Type - III, indicating its designation for residential use.

What are the stamp duty and registration fees for a property here?

For a property of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 49,00,000. The stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office handles transactions for this lane?

The AnnaNagar Sub Registrar Office handles transactions for Parthasarathy Pillai 2nd lane, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.