Guideline Value

Corporate

Guideline Value for Parvathi Nagar Main Road

₹2400/sq.ft.

The guideline value for Parvathi Nagar Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Parvathi Nagar Main Road

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Parvathi Nagar Main Road guideline value

The current guideline value of Parvathi Nagar Main Road is Rs 2,400 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Parvathi Nagar Main Road has changed

The guideline value for Parvathi Nagar Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase from Rs 2,200 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value from 2012 to 2023, where it remained at Rs 2,200 per sq.ft. The 2024 revision marks a 9% increase from the 2023 figure and an overall increase of 9% from the 2012 figure.

There are no figures available for the revisions in 2017, 2007, 2003, and 2002 for Parvathi Nagar Main Road. This means that the guideline value has remained stable at Rs 2,200 per sq.ft from 2012 until the recent update in 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with the median being Rs 2,400 per sq.ft. The guideline value for Parvathi Nagar Main Road aligns with this median at Rs 2,400 per sq.ft.

Stamp duty and registration fee for property in Parvathi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty, charged at 7%, would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Therefore, the total cost for these fees would be Rs 2,16,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parvathi Nagar Main Road?

The Sub Registrar Office that covers Parvathi Nagar Main Road is the Selaiyur Sub Registrar Office. The address is No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for additional assistance.

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

The guideline value is crucial during the registration process when buying or selling property in Madambakkam. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Parvathi Nagar Main Road?

The current guideline value of Parvathi Nagar Main Road is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, marking a 9% increase. There was no change in the value from 2012 to 2023, remaining at Rs 2,200 per sq.ft.

What is the land classification for Parvathi Nagar Main Road?

Parvathi Nagar Main Road is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 24,00,000, the total stamp duty and registration fees would amount to Rs 2,16,000.