Guideline Value

Corporate

Guideline Value for Parvathipuram Part 3

₹1008/sq.ft.

The guideline value for Parvathipuram Part 3 in Chettimedu village (Redhills SRO, Chennai zone) is Rs 1008 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 68% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chettimedu

Village

Redhills

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1008 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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]
Records for a plot on Parvathipuram Part 3

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Parvathipuram Part 3 guideline value

The current guideline value of Parvathipuram Part 3 is Rs 1,008 per sq.ft, effective from 1 July 2024. This property is located in Chettimedu village within the Redhills SRO, classified as Residential Class IV Type - I.

How the guideline value of Parvathipuram Part 3 has changed

The guideline value for Parvathipuram Part 3 has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 500 per sq.ft. This increased to Rs 600 per sq.ft in 2012, but then saw a decrease to Rs 402 per sq.ft in 2017. Following this, the value rose significantly to Rs 600 per sq.ft in 2023, and then further increased to the current value of Rs 1,008 per sq.ft in 2024, marking a notable change of +68% from 2023 to 2024 and +49% from 2017 to 2023. The register does not have figures for the revisions in 2002 and 2003 for this street.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by +102%. The changes between the revisions reflect a complex history of fluctuations, with the most substantial increases occurring in the most recent years.

Guideline values in Chettimedu

In Chettimedu village, there are 26 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,008 per sq.ft. The median value for these streets is Rs 1,002 per sq.ft, placing Parvathipuram Part 3 above this median.

Stamp duty and registration fee for property in Parvathipuram Part 3

For a 1,000 sq.ft plot at the current guideline value of Rs 1,008 per sq.ft, the total guideline value would be Rs 10,08,000. The stamp duty at 7% would amount to Rs 70,560, and the registration fee at 2% would be Rs 20,160, bringing the total fees together to Rs 90,720. 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 Parvathipuram Part 3?

The Sub Registrar Office that covers Parvathipuram Part 3 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 Chettimedu

The guideline value is a critical factor during the registration of property transactions in Chettimedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is conducted in accordance with government regulations. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Parvathipuram Part 3?

The current guideline value of Parvathipuram Part 3 is Rs 1,008 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,008 per sq.ft in 2024, reflecting an overall increase of +102% over the years.

What is the land classification for Parvathipuram Part 3?

Parvathipuram Part 3 is classified as Residential Class IV Type - I, indicating its suitability for residential development.

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.

How is the stamp duty calculated for properties in Parvathipuram Part 3?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 10,08,000 would incur a stamp duty of Rs 70,560 at 7%.