Guideline Value

Corporate

Guideline Value for Parvathi Nagar

₹275/sq.ft.

The guideline value for Parvathi Nagar 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 ₹20 /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]

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Parvathi Nagar guideline value

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

Over the years, the guideline value of Parvathi Nagar has seen significant changes. In 2003, the guideline value was Rs 20 per sq.ft, which increased to Rs 100 per sq.ft in 2007. The value then rose dramatically to Rs 250 per sq.ft in 2012, a 150% increase. However, it decreased to Rs 167 per sq.ft in 2017, reflecting a 33% drop. The value then increased by 50% to Rs 250 per sq.ft in 2023, before reaching the current value of Rs 275 per sq.ft in 2024, marking a 10% increase.

It is important to note that there is no figure available for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1275%.

Guideline values in Sirungavoor

In Sirungavoor, there are 24 streets that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Parvathi Nagar's current guideline value at the median level.

Stamp duty and registration fee for property in Parvathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 275 per sq.ft, the 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, totaling Rs 24,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parvathi Nagar?

The Sub Registrar Office covering Parvathi Nagar 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 in property transactions in Sirungavoor. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that must be paid during the transaction.

Buyers and sellers should be aware that the guideline value is set by the government and can vary from one area to another. It is essential to check the current guideline value before proceeding with any property transaction to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Parvathi Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 20 per sq.ft in 2003 to Rs 275 per sq.ft in 2024, marking an overall increase of 1275% over this period.

What factors influence the guideline value in Sirungavoor?

The guideline value is influenced by various factors, including the location, land classification, and market conditions. It is determined by the government and is subject to periodic revisions.

Where can I find the registration office for Parvathi Nagar?

The registration office for Parvathi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Parvathi Nagar?

Stamp duty for properties in Parvathi Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current stamp duty rate is 7% of the guideline value.