Guideline Value

Corporate

Guideline Value for Parvathi Nagar Junction upto Road End

₹2400/sq.ft.

The guideline value for Parvathi Nagar Junction Upto Road End 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 Junction Upto Road End

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Parvathi Nagar Junction upto Road End guideline value

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

How the guideline value of Parvathi Nagar Junction upto Road End has changed

Over the years, the guideline value for Parvathi Nagar Junction upto Road End has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 value of Rs 1,474 per sq.ft. The 2023 revision then increased it to Rs 2,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging 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 2024 figure for Parvathi Nagar Junction upto Road End.

Stamp duty and registration fee for property in Parvathi Nagar Junction upto Road End

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. Together, these fees would total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parvathi Nagar Junction upto Road End?

The Sub Registrar Office that covers Parvathi Nagar Junction upto Road End 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Madambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the transaction must be registered at the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Buyers should be aware that the guideline value can affect the overall cost of purchasing a property, as it directly influences the stamp duty and registration fees. Understanding the guideline value is essential for both buyers and sellers to navigate the property market effectively.

Frequently asked questions

What is the current guideline value for Parvathi Nagar Junction upto Road End?

The current guideline value for Parvathi Nagar Junction upto Road End 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 2023 to Rs 2,400 per sq.ft in 2024, a 9% increase. It was Rs 1,474 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification for this area?

The land classification for Parvathi Nagar Junction upto Road End is Commercial Class I Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.