Guideline Value for Parthasarathy Street

Parthasarathy Street guideline value

The current guideline value of Parthasarathy Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Parthasarathy Street has changed

The guideline value for Parthasarathy Street has seen significant changes since the 2017 revision, where it was Rs 1,005 per sq.ft. The latest revision in 2024 has increased this value to Rs 1,600 per sq.ft, reflecting a change of +59% over the seven-year period.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only available revisions are from 2017 and 2024.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which is the same as the current guideline value for Parthasarathy Street.

• Parthasarathy Street (Ward-01): Rs 1,600 per sq.ft (2024)
• Parvathiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Parthasarathy Nagar: Rs 1,600 per sq.ft (2024)
• Parthasarathi Street (Kuthira Kuthi Thazai): Rs 1,600 per sq.ft (2024)
• Parvathy Amman St (Ward-02): Rs 1,300 per sq.ft (2024)
• Parvathy Nagar: Rs 1,300 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 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, resulting in a total of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parthasarathy Street?

The Sub Registrar Office that covers Parthasarathy Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Parthasarathy Street?

The current guideline value of Parthasarathy Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft, marking a change of +59%.

Are there any revisions without figures for Parthasarathy Street?

Yes, the register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for Parthasarathy Street.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft, which is the same as the current value for Parthasarathy Street.

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

The Sub Registrar Office for Parthasarathy Street is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.