Guideline Value

Corporate

Guideline Value for Parvathi Nagar 1st Street

₹2400/sq.ft.

The guideline value for Parvathi Nagar 1st Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
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 1st Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Parvathi Nagar 1st Street guideline value

The current guideline value of Parvathi Nagar 1st Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Parvathi Nagar 1st Street has changed

The guideline value for Parvathi Nagar 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then decreased to Rs 1,474 per sq.ft in the 2017 revision. However, the latest revision in 2024 has increased the guideline value to Rs 2,400 per sq.ft, marking a significant increase of 63% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 9%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. This lack of data indicates that the guideline value remained unchanged during those periods.

Guideline values in Madambakkam

In Madambakkam, there are a total of 1151 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which aligns with the current guideline value of Parvathi Nagar 1st Street.

Stamp duty and registration fee for property in Parvathi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Parvathi Nagar 1st Street?

The Sub Registrar Office that covers Parvathi Nagar 1st Street is the Selaiyur Sub Registrar Office, located at 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted at a fair price as per government regulations.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are adhering to the legal requirements set by the government, preventing undervaluation of properties.

Frequently asked questions

What is the current guideline value of Parvathi Nagar 1st Street?

The current guideline value of Parvathi Nagar 1st Street 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 changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then increased to Rs 2,400 per sq.ft in 2024.

What is the land classification for Parvathi Nagar 1st Street?

The land classification for Parvathi Nagar 1st Street is Commercial Class I Type - II.

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 is stamp duty calculated for property in Parvathi Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at 7%.