Guideline Value

Corporate

Guideline Value for Parvathi Nagar Extn

₹2400/sq.ft.

The guideline value for Parvathi Nagar Extn in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. 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 ₹2200 /sq.ft.
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 Extn

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Parvathi Nagar Extn guideline value

The current guideline value of Parvathi Nagar Extn is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - II.

How the guideline value of Parvathi Nagar Extn has changed

Over the years, the guideline value for Parvathi Nagar Extn has seen several revisions. The figures are as follows: in 2012, the guideline value was Rs 2,200 per sq.ft, which then dropped to Rs 1,474 per sq.ft in 2017. Following this, the value increased to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft as of the 2024 revision. It is important to note that the register has no figure for this street in 2002, 2003, and 2007.

Between the revisions, the changes are significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 9%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with a 2024 guideline value range from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the current guideline value of Parvathi Nagar Extn.

Stamp duty and registration fee for property in Parvathi Nagar Extn

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

Which Sub Registrar Office covers Parvathi Nagar Extn?

The Sub Registrar Office that covers Parvathi Nagar Extn 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 of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives revenue based on the official valuation of properties, which helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Parvathi Nagar Extn?

The current guideline value of Parvathi Nagar Extn 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, then increased to Rs 2,200 per sq.ft in 2023, and is currently Rs 2,400 per sq.ft as of 2024.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,16,000.

Which Sub Registrar Office covers Parvathi Nagar Extn?

The Selaiyur Sub Registrar Office covers Parvathi Nagar Extn, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Parvathi Nagar Extn?

Parvathi Nagar Extn is classified as Commercial Class I Type - II, which impacts its guideline value and potential uses.