Guideline Value

Corporate

Guideline Value for Parvathi Nagar Annex

₹220/sq.ft.

The guideline value for Parvathi Nagar Annex in Sirungavoor village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirungavoor

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹12 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Annex

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Parvathi Nagar Annex guideline value

The current guideline value of Parvathi Nagar Annex is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Sirungavoor village and falls under the Redhills SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Parvathi Nagar Annex has changed

The guideline value for Parvathi Nagar Annex has seen significant changes over the years. In 2003, the value was Rs 12 per sq.ft, which increased to Rs 50 per sq.ft in 2007. This was a notable rise of 317%. Following this, the value jumped to Rs 200 per sq.ft in 2012, marking a dramatic increase of 300%. However, from 2012 to 2017, it decreased to Rs 134 per sq.ft, a decline of 33%. The value then rose to Rs 200 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1733%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Sirungavoor

In Sirungavoor, there are 24 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value in this area is Rs 275 per sq.ft, indicating that the guideline value for Parvathi Nagar Annex is below this median.

Stamp duty and registration fee for property in Parvathi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value is Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parvathi Nagar Annex?

The Sub Registrar Office that covers Parvathi Nagar Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sirungavoor. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory when transferring property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, and it is used by the authorities to assess the applicable taxes. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Parvathi Nagar Annex?

The current guideline value of Parvathi Nagar Annex is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 12 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, with various increases and decreases across the revisions.

What is the median guideline value in Sirungavoor?

The median guideline value in Sirungavoor is Rs 275 per sq.ft, indicating that Parvathi Nagar Annex's value is below this median.

What are the stamp duty and registration fees for property in Parvathi Nagar Annex?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,20,000, with a stamp duty of Rs 15,400 and a registration fee of Rs 4,400, totaling Rs 19,800.

Which office handles property registrations for Parvathi Nagar Annex?

The Redhills Sub Registrar Office handles property registrations for Parvathi Nagar Annex, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.