Guideline Value for Paruthikollai

Paruthikollai guideline value

The current guideline value of Paruthikollai in Malliyankaranai village is Rs 401 per sq.ft, effective from 1 July 2024. This area falls under the Uthiramerur SRO and is classified as Residential Special Type - II.

How the guideline value of Paruthikollai has changed

The guideline value for Paruthikollai has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. In 2023, the value increased to Rs 400 per sq.ft, and in the latest 2024 revision, it slightly rose to Rs 401 per sq.ft, reflecting a change of +0% from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the values from 2012 to 2024, there has been no net change, maintaining the same guideline value of Rs 400 per sq.ft from 2012 to 2024.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft. The median value is Rs 401 per sq.ft, making Paruthikollai's guideline value equal to this median.

• Pattankulam: Rs 401 per sq.ft (2024)
• Nallur Melandai Street: Rs 300 per sq.ft (2024)
• Nallur Kezhandi Sreet: Rs 300 per sq.ft (2024)
• Raja Nagar: Rs 401 per sq.ft (2024)
• Ramji Nagar: Rs 300 per sq.ft (2024)
• Royal City: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Paruthikollai

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total cost for these fees to Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Paruthikollai?

The Sub Registrar Office covering Paruthikollai is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Malliyankaranai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for pricing. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements and to avoid discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Paruthikollai?

The current guideline value of Paruthikollai is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 401 per sq.ft in 2024.

What is the land classification for Paruthikollai?

Paruthikollai is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Paruthikollai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 401 per sq.ft would incur a stamp duty of Rs 28,070.