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Guideline Value

Corporate

Guideline Value for Parvathy Nagar - Bharathiyar Street

₹2640/sq.ft.

The guideline value for Parvathy Nagar - Bharathiyar 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 - Bharathiyar Street

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Parvathy Nagar - Bharathiyar Street guideline value

The current guideline value for Parvathy Nagar - Bharathiyar Street is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village and falls under the Padappai SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Parvathy Nagar - Bharathiyar Street has seen significant changes over the years. In 2007, the 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, between 2012 and 2017, the value decreased to Rs 1,608 per sq.ft, reflecting a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 2,400 per sq.ft, and the latest revision in 2024 has set it at Rs 2,640 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 780%. The register does not provide figures for the years 2002 and 2003 for this street.

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. The median value for these streets is Rs 2,310 per sq.ft, placing Parvathy Nagar - Bharathiyar Street above this median.

Stamp duty and registration fee for property in Parvathy Nagar - Bharathiyar 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, resulting in a total of Rs 2,37,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Parvathy Nagar - Bharathiyar Street?

The Sub Registrar Office that covers Parvathy Nagar - Bharathiyar 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 plays a crucial role during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

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

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

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

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

Where is the Sub Registrar Office for Parvathy Nagar - Bharathiyar Street located?

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

What are the other streets in Perungalathur with the same guideline value?

Other streets in Perungalathur that share the same guideline value of Rs 2,640 per sq.ft include Parvathy Nagar - Avvaiyar Street, Parvathy Nagar - Dr.RadhaKrishnan Road, Parvathy Nagar - Anna Street, Parvathy Nagar - Elango Street, Parvathy Nagar - Gandhi Road, and Parvathy Nagar - Indra Gandhi Road.