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Guideline Value for Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road

₹2640/sq.ft.

The guideline value for Parvathi Nagar - I Road, I,ii,iii,iv Cross Street, Ii,iii Main Road in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2640 per sq.ft, effective 1 July 2024. It was Rs 2400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2640 /sq.ft.
From 1-4-2023 ₹2400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1608 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Parvathi Nagar - I Road, I,ii,iii,iv Cross Street, Ii,iii Main Road

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Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road guideline value

The current guideline value for Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road is Rs 2,640 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road has changed

Over the years, the guideline value for Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road has seen significant changes. The 2007 revision set the value at Rs 300 per sq.ft, which increased drastically to Rs 2,400 per sq.ft in 2012, marking a rise of 700%. However, from 2012 to 2017, it decreased to Rs 1,608 per sq.ft, a decline of 33%. The value then surged to Rs 2,400 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has further increased the value to Rs 2,640 per sq.ft, a rise of 10% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing the 2024 figure for Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road above the median.

Stamp duty and registration fee for property in Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total to Rs 2,37,600. It is important to note that 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 more information.

Which Sub Registrar Office covers Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road?

The Sub Registrar Office that covers Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value for Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road?

The current guideline value for Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, marking an overall increase of 780% over the years.

What is the registration office for Parvathi Nagar?

The registration office for Parvathi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.