Guideline Value for Parthiban Street main

Parthiban Street main guideline value

The current guideline value of Parthiban Street main is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO and is classified as Residential Class II Type - I.

How the guideline value of Parthiban Street main has changed

The guideline value for Parthiban Street main has seen several revisions over the years. In the 2003 revision, the value was Rs 279 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2007, marking a 330% rise. The value then changed to Rs 2,500 per sq.ft in 2012, which was a decrease of 33% from the previous revision. In 2017, the guideline value rose to Rs 1,675 per sq.ft, an increase of 49% from 2012. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 has increased it to Rs 2,800 per sq.ft, reflecting a 12% increase.

It is important to note that there is no figure available for the 2002 revision for this street. Overall, from 2003 to 2024, the guideline value has increased by 904%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with 2024 guideline values ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, which matches the 2024 guideline value for Parthiban Street main.

• Parthiban Cross Street: Rs 2,800 per sq.ft (2024)
• Pathala Vinayagar Koil Street/Muthu Nagar Layout: Rs 3,900 per sq.ft (2024)
• Pazhaniyadiyamman Koil Street: Rs 2,200 per sq.ft (2024)
• Periyar Street: Rs 2,200 per sq.ft (2024)
• Perumal 1st Street: Rs 2,800 per sq.ft (2024)
• Perumal Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Parthiban Street main

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Parthiban Street main?

The Sub Registrar Office that covers Parthiban Street main is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ullagaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process. This ensures that the government receives the appropriate revenue based on the property's assessed value.

It is essential for buyers and sellers to be aware of the current guideline value to accurately assess the costs involved in property transactions. This value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Parthiban Street main?

The current guideline value of Parthiban Street main is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 279 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, representing an overall increase of 904% over the years.

What is the registration office for Parthiban Street main?

The registration office for Parthiban Street main is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Where can I find more information about the guideline values in Ullagaram?

You can find more information about the guideline values in Ullagaram by checking the Registration Department's guideline value register or visiting the Alandur SRO.