Guideline Value

Corporate

Guideline Value for Parvathi Nagar Extn.1

₹275/sq.ft.

The guideline value for Parvathi Nagar Extn.1 in Sirungavoor village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 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

Sirungavoor

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /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)

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]

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Parvathi Nagar Extn.1 guideline value

The current guideline value of Parvathi Nagar Extn.1 is Rs 275 per sq.ft, effective from 1 July 2024. This property is located in Sirungavoor village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Parvathi Nagar Extn.1 has changed

The guideline value for Parvathi Nagar Extn.1 has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2012, marking a 150% rise. However, in 2017, the value decreased to Rs 167 per sq.ft, reflecting a 33% drop. The value then rose to Rs 250 per sq.ft in 2023, a 50% increase from the previous revision.

As of the latest revision in 2024, the guideline value stands at Rs 275 per sq.ft, which is a 10% increase from the 2023 value. Overall, from 2007 to 2024, there has been a substantial increase of 175% in the guideline value 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 for these streets is Rs 275 per sq.ft, which aligns with the current value for Parvathi Nagar Extn.1.

Stamp duty and registration fee for property in Parvathi Nagar Extn.1

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total charges to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parvathi Nagar Extn.1?

The Sub Registrar Office that covers Parvathi Nagar Extn.1 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Sirungavoor. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold, ensuring that both parties are aware of the financial obligations involved.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Parvathi Nagar Extn.1?

The current guideline value of Parvathi Nagar Extn.1 is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the stamp duty for property in Parvathi Nagar Extn.1?

The stamp duty for property in Parvathi Nagar Extn.1 is 7% of the guideline value or sale price, whichever is higher.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What other streets have guideline values in Sirungavoor?

Other streets in Sirungavoor include Parvathi Nagar Annex-II, Parvathi Nagar Annex, Padmavathi Nagar, Rajiv Gandhi Nagar, and Rajiv Gandhi Nagar Phase-I, with values ranging from Rs 220 to Rs 275 per sq.ft as of 2024.