Guideline Value for Parthasarathy Street

Parthasarathy Street guideline value

The current guideline value of Parthasarathy Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Parthasarathy Street has changed

The guideline value for Parthasarathy Street has undergone several revisions over the years. In 2012, the value was Rs 3,700 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 2,479 per sq.ft. Following this, there was a significant increase to Rs 3,700 per sq.ft in the 2023 revision, and the current value is Rs 4,000 per sq.ft as of the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, placing Parthasarathy Street's 2024 value above this median.

• Pattammal Street: Rs 4,600 per sq.ft (2024)
• Pattravakkam Road: Rs 4,000 per sq.ft (2024)
• Pannerselvam Street: Rs 4,000 per sq.ft (2024)
• Pannerselvam Cross Street: Rs 4,000 per sq.ft (2024)
• Pandi Street: Rs 4,600 per sq.ft (2024)
• Pallam Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Parthasarathy Street

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, totaling Rs 3,60,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Parthasarathy Street?

The Sub Registrar Office that covers Parthasarathy Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ambattur. 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 guideline value or the sale price, whichever is higher, is taken into account for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Parthasarathy Street?

The current guideline value of Parthasarathy Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and is currently Rs 4,000 per sq.ft as of 2024.

What are the other streets in Ambattur with their guideline values?

Other streets in Ambattur include Pattammal Street at Rs 4,600 per sq.ft, Pattravakkam Road, Pannerselvam Street, and Pannerselvam Cross Street at Rs 4,000 per sq.ft each, Pandi Street at Rs 4,600 per sq.ft, and Pallam Street at Rs 6,600 per sq.ft.

What is the stamp duty rate for properties in Parthasarathy Street?

The stamp duty rate for properties in Parthasarathy Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Parthasarathy Street?

The Sub Registrar Office for Parthasarathy Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.