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Guideline Value

Corporate

Guideline Value for Parvathy Nagar - Gandhi Road

₹2640/sq.ft.

The guideline value for Parvathy Nagar - Gandhi Road 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 - Gandhi Road

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Parvathy Nagar - Gandhi Road guideline value

The current guideline value for Parvathy Nagar - Gandhi Road 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 - Gandhi Road has changed

The guideline value for Parvathy Nagar - Gandhi Road 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, this value decreased to Rs 1,608 per sq.ft in 2017, a drop of 33%. Following this, the value rose to Rs 2,400 per sq.ft in 2023, and then to Rs 2,640 per sq.ft in 2024, reflecting a 10% increase.

Notably, 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%, showcasing substantial growth during this period.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with guideline values for 2024 ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, placing the guideline value of Parvathy Nagar - Gandhi Road above this median.

Stamp duty and registration fee for property in Parvathy Nagar - Gandhi Road

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. Together, the total cost for stamp duty and registration would be 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Parvathy Nagar - Gandhi Road?

The Sub Registrar Office that covers Parvathy Nagar - Gandhi Road 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value as per government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Parvathy Nagar - Gandhi Road?

The current guideline value of Parvathy Nagar - Gandhi Road 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, representing an overall increase of 780% over the years.

What is the land classification for Parvathy Nagar - Gandhi Road?

The land classification for Parvathy Nagar - Gandhi Road is Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800 and the registration fee would be Rs 52,800, totaling Rs 2,37,600.

Where can I find the Sub Registrar Office for Parvathy Nagar - Gandhi Road?

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