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Guideline Value

Corporate

Guideline Value for Parvathy Nagar - Kambar Street

₹2640/sq.ft.

The guideline value for Parvathy Nagar - Kambar 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 - Kambar Street

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Parvathy Nagar - Kambar Street guideline value

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

Over the years, the guideline value for Parvathy Nagar - Kambar Street has seen significant changes. The 2007 revision set the value at Rs 300 per sq.ft, which increased dramatically to Rs 2,400 per sq.ft in 2012, marking a rise of 700%. However, in 2017, the value decreased to Rs 1,608 per sq.ft, representing a decline of 33%. The subsequent revisions saw the value rise again, reaching Rs 2,400 per sq.ft in 2023, and then increasing by 10% to the current value of Rs 2,640 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is an increase of 780%.

Guideline values in Perungalathur

In Perungalathur village, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Parvathy Nagar - Kambar Street's 2024 value above this median.

Stamp duty and registration fee for property in Parvathy Nagar - Kambar 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 cost for these fees to Rs 2,37,600. It is important to 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 - Kambar Street?

The Sub Registrar Office that covers Parvathy Nagar - Kambar 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 property transactions in Perungalathur. It is used to determine the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions, as both parties are informed of the financial obligations involved.

Frequently asked questions

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

The current guideline value of Parvathy Nagar - Kambar 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, marking an overall increase of 780%.

What are the stamp duty and registration fees for property transactions?

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.

Which office handles registrations for Parvathy Nagar - Kambar Street?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees, ensuring transparency in transactions.