Guideline Value for Parthasarathy Pillai Street

Parthasarathy Pillai Street guideline value

The current guideline value of Parthasarathy Pillai Street is Rs 4,900 per sq.ft. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Parthasarathy Pillai Street has changed

The guideline value for Parthasarathy Pillai Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 504 per sq.ft. This increased to Rs 566 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase of 77% to reach Rs 1,000 per sq.ft in 2007. The 2012 revision brought a decrease of 33%, bringing the value back to Rs 4,500 per sq.ft. In 2017, the value increased to Rs 3,015 per sq.ft, reflecting a 49% rise. The 2023 revision set the value at Rs 4,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 4,900 per sq.ft, which is a 9% increase.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 872%. There are no figures available for the revisions in years not mentioned above.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value among these streets is Rs 4,900 per sq.ft, which is equal to the guideline value of Parthasarathy Pillai Street.

• Parthasarathy Pillai Ist lane: Rs 4,900 per sq.ft (2024)
• Parthasarathy Pillai 2nd lane: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil West Mada Street: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil street: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil North Mada street Lane: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil North Mada street: Rs 4,900 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 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parthasarathy Pillai Street?

The Sub Registrar Office that covers Parthasarathy Pillai Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ayanavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Parthasarathy Pillai Street?

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

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 504 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 872% over the years.

What is the land classification of Parthasarathy Pillai Street?

Parthasarathy Pillai Street is classified as Residential Class I Type - III under the AnnaNagar SRO.

What are the stamp duty and registration fees for a property in Parthasarathy Pillai Street?

For a property with a guideline value of 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 office handles property registrations for Parthasarathy Pillai Street?

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