Guideline Value

Corporate

Guideline Value for Parvathipuram Part 4

₹1008/sq.ft.

The guideline value for Parvathipuram Part 4 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]

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Parvathipuram Part 4 guideline value

The current guideline value of Parvathipuram Part 4 is Rs 1,008 per sq.ft. This area is located in Chettimedu village, under the Redhills SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Parvathipuram Part 4 has changed

The guideline value for Parvathipuram Part 4 has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, this value dropped to Rs 402 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 600 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,008 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the most notable changes include a 20% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a 49% increase from 2017 to 2023. The jump from 2023 to 2024 is a remarkable 68%. Overall, from 2007 to 2024, the guideline value has increased by 102%.

Guideline values in Chettimedu

In Chettimedu, 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, with the median value being Rs 1,002 per sq.ft. Parvathipuram Part 4's 2024 figure is above this median.

Stamp duty and registration fee for property in Parvathipuram Part 4

For a 1,000 sq.ft plot at the current guideline value of Rs 1,008 per sq.ft, the total guideline value amounts to Rs 10,08,000. The stamp duty at 7% would be Rs 70,560, and the registration fee at 2% would be Rs 20,160, making the total fees together Rs 90,720. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parvathipuram Part 4?

The Sub Registrar Office that covers Parvathipuram Part 4 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 Chettimedu

When buying or selling property in Chettimedu, the guideline value plays a crucial role in determining the registration fees and stamp duty. The buyer must pay the stamp duty based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

It is important for both buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding these values helps in planning the financial aspects of property dealings in the area.

Frequently asked questions

What is the current guideline value of Parvathipuram Part 4?

The current guideline value of Parvathipuram Part 4 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 this period.

What are the other streets in Chettimedu with similar guideline values?

Other streets in Chettimedu include Parvathipuram Part 3 and Part 2, both at Rs 1,008 per sq.ft, and Parvathipuram at Rs 1,000 per sq.ft, among others.

What fees are associated with buying property in Parvathipuram Part 4?

When buying property in Parvathipuram Part 4, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Parvathipuram Part 4?

The Sub Registrar Office for Parvathipuram Part 4 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.