Guideline Value for Parvathi Nagar 4th Street

Parvathi Nagar 4th Street guideline value

The current guideline value of Parvathi Nagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Parvathi Nagar 4th Street has changed

The guideline value for Parvathi Nagar 4th Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,500 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it dropped to Rs 1,675 per sq.ft. However, from 2017 to 2023, the value saw a significant increase to Rs 2,500 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no recorded figures for Parvathi Nagar 4th Street in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, placing Parvathi Nagar 4th Street's 2024 figure above this median.

• Parvathi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Parvathi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Parvathi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Parvathi Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Parvathi Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Parvathi Nagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Parvathi Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, these fees would total Rs 2,43,000. 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parvathi Nagar 4th Street?

The Sub Registrar Office that covers Parvathi Nagar 4th 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 here.

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

The guideline value plays a crucial role in property transactions in Rajakilpakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the total cost involved in the transaction. Understanding this value can help in better financial planning when engaging in property deals.

Frequently asked questions

What is the current guideline value of Parvathi Nagar 4th Street?

The current guideline value of Parvathi Nagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. From 2017 to 2023, it increased by 49%, while it dropped from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017.

What is the land classification of Parvathi Nagar 4th Street?

Parvathi Nagar 4th Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Parvathi Nagar 4th Street?

The Sub Registrar Office for Parvathi Nagar 4th 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.

How do stamp duty and registration fees work in property transactions?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for accurately estimating the total costs involved in buying or selling property.