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Guideline Value

Corporate

Guideline Value for Parvathy Nagar - Avvaiyar Street

₹2640/sq.ft.

The guideline value for Parvathy Nagar - Avvaiyar 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 - Avvaiyar Street

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Parvathy Nagar - Avvaiyar Street guideline value

The current guideline value of Parvathy Nagar - Avvaiyar 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 - Avvaiyar Street has changed

The guideline value for Parvathy Nagar - Avvaiyar Street has seen significant changes over the years. 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 rise of 700%. However, by 2017, it decreased to Rs 1,608 per sq.ft, a decline of 33%. The value then rose again to Rs 2,400 per sq.ft in 2023, followed by a further increase to Rs 2,640 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register 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. Parvathy Nagar - Avvaiyar Street's 2024 guideline value of Rs 2,640 per sq.ft is above this median.

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

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Parvathy Nagar - Avvaiyar Street?

The Sub Registrar Office that covers Parvathy Nagar - Avvaiyar 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 information.

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

The guideline value is a crucial reference point for property transactions in Perungalathur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to consider the guideline value to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

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

The current guideline value of Parvathy Nagar - Avvaiyar 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 significantly, from Rs 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, reflecting an overall increase of 780% over the years.

What is the stamp duty rate for property in Parvathy Nagar - Avvaiyar Street?

The stamp duty rate for property transactions in Parvathy Nagar - Avvaiyar Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this area?

The Padappai Sub Registrar Office handles registrations for Parvathy Nagar - Avvaiyar Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the guideline values of other streets in Perungalathur?

Other streets in Perungalathur have a guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with the median being Rs 2,310 per sq.ft. Parvathy Nagar - Avvaiyar Street has a guideline value of Rs 2,640 per sq.ft, which is above the median.