Guideline Value

Corporate

Guideline Value for Parvathy Nagar - Elango Street

₹2640/sq.ft.

The guideline value for Parvathy Nagar - Elango 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 - Elango Street

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Parvathy Nagar - Elango Street guideline value

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

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

Since the 2007 revision, which recorded a guideline value of Rs 300 per sq.ft, there have been several changes. The value increased significantly to Rs 2,400 per sq.ft in 2012, then decreased to Rs 1,608 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,400 per sq.ft, followed by a further increase to Rs 2,640 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 780%. The revisions for 2002 and 2003 do not have figures available for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, positioning Parvathy Nagar - Elango Street above this median.

Stamp duty and registration fee for property in Parvathy Nagar - Elango 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 be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total cost 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parvathy Nagar - Elango Street?

The Sub Registrar Office that covers Parvathy Nagar - Elango 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 factor in the registration process 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 from stamp duties and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for both parties involved. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Parvathy Nagar - Elango 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 seen significant changes, increasing from Rs 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, marking an overall increase of 780%.

What is the registration office for Parvathy Nagar - Elango Street?

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

How is stamp duty calculated for property in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,84,800.

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

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