Guideline Value for Parvathy Nagar - Rajaji Street

Parvathy Nagar - Rajaji Street guideline value

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

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

The guideline value for Parvathy Nagar - Rajaji Street has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2012, marking a rise of 700%. However, it then decreased to Rs 1,608 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 2,400 per sq.ft in 2023, and most recently, it has increased to Rs 2,640 per sq.ft in 2024, which is a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. 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 have 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 guideline value of Parvathy Nagar - Rajaji Street above this median.

• Parvathy Nagar - Pillayar Koil Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar/Streets- E.V.R Periyar Road: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar/ Panchali Amman Nagar: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Kaviarasu Kannadasan St,: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Thiruvalluvar Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Kattabomman Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Parvathy Nagar - Rajaji 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, while the registration fee at 2% would be Rs 52,800, bringing the total fees 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parvathy Nagar - Rajaji Street?

The Sub Registrar Office that covers Parvathy Nagar - Rajaji 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 when registering property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is documented at a fair price.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

The current guideline value of Parvathy Nagar - Rajaji 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, reflecting an overall increase of 780% over this period.

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.

Which office handles registrations for Parvathy Nagar - Rajaji Street?

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

What is the land classification for Parvathy Nagar - Rajaji Street?

Parvathy Nagar - Rajaji Street is classified as Residential Class I Type - I, indicating its suitability for residential development.