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Guideline Value

Corporate

Guideline Value for Parvathy Nagar - Anna Street

₹2640/sq.ft.

The guideline value for Parvathy Nagar - Anna Street in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2640 per sq.ft, effective 1 July 2024. It was Rs 2400 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

Perungalathur

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2640 /sq.ft.
From 1-4-2023 ₹2400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1608 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Parvathy Nagar - Anna Street

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Parvathy Nagar - Anna Street guideline value

The current guideline value of Parvathy Nagar - Anna Street is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Parvathy Nagar - Anna Street has changed

Over the years, the guideline value of Parvathy Nagar - Anna Street has seen significant changes. In 2007, the guideline value was Rs 300 per sq.ft, which increased dramatically to Rs 2,400 per sq.ft in 2012, marking a 700% rise. However, between 2012 and 2017, the value decreased by 33% to Rs 1,608 per sq.ft. The subsequent revisions saw a substantial increase, with the value rising by 49% to Rs 2,400 per sq.ft in 2023, and then increasing again by 10% to the current value of Rs 2,640 per sq.ft in 2024.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Parvathy Nagar - Anna Street is above this median, reflecting its current standing.

Stamp duty and registration fee for property in Parvathy Nagar - Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total costs to Rs 2,37,600. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Parvathy Nagar - Anna Street?

The Sub Registrar Office that covers Parvathy Nagar - Anna Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property registration. Understanding this value helps in making informed decisions during real estate transactions.

Frequently asked questions

What is the current guideline value of Parvathy Nagar - Anna Street?

The current guideline value of Parvathy Nagar - Anna Street is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, reflecting an overall increase of 780% over this period.

What is the land classification of Parvathy Nagar - Anna Street?

Parvathy Nagar - Anna Street is classified as Residential Class I Type - I.

Where can I find the registration office for Parvathy Nagar - Anna Street?

The registration office for Parvathy Nagar - Anna Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Parvathy Nagar - Anna Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800 at a rate of 7%.