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Guideline Value

Corporate

Guideline Value for Parvathy Nagar - Kalaivanar Street

₹2640/sq.ft.

The guideline value for Parvathy Nagar - Kalaivanar 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 - Kalaivanar Street

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Parvathy Nagar - Kalaivanar Street guideline value

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

The guideline value for Parvathy Nagar - Kalaivanar Street has undergone several revisions since 2007. In 2007, the guideline value was Rs 300 per sq.ft, which saw a significant increase to Rs 2,400 per sq.ft in 2012, marking a 700% rise. However, from 2012 to 2017, the value decreased to Rs 1,608 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 2,400 per sq.ft in 2023, a 49% rise from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,640 per sq.ft, which is a 10% increase from the 2023 figure.

There are no figures available for the years 2002 and 2003 for this street in the register. 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. The median value for these streets is Rs 2,310 per sq.ft, placing the 2024 figure for Parvathy Nagar - Kalaivanar Street above this median.

Stamp duty and registration fee for property in Parvathy Nagar - Kalaivanar 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 fees together to Rs 2,37,600. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parvathy Nagar - Kalaivanar Street?

The Sub Registrar Office that covers Parvathy Nagar - Kalaivanar 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 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 the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

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

The current guideline value of Parvathy Nagar - Kalaivanar 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, which is an overall increase of 780%.

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

Other streets in Perungalathur with the same guideline value of Rs 2,640 per sq.ft in 2024 include Parvathy Nagar - Indra Gandhi Road, Parvathy Nagar - Kambar Street, Parvathy Nagar - Gandhi Road, Parvathy Nagar - Kattabomman Street, Parvathy Nagar - Elango Street, and Parvathy Nagar - Kaviarasu Kannadasan St.

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

The registration office for Parvathy Nagar - Kalaivanar 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 - Kalaivanar Street?

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