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Guideline Value

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Guideline Value for Parvathy Nagar - Thiruvalluvar Street

₹2640/sq.ft.

The guideline value for Parvathy Nagar - Thiruvalluvar 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 - Thiruvalluvar Street

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Parvathy Nagar - Thiruvalluvar Street guideline value

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

The guideline value for Parvathy Nagar - Thiruvalluvar Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2012, marking a 700% rise. However, it then decreased to Rs 1,608 per sq.ft in 2017, reflecting a decline of 33%. The value saw a substantial increase to Rs 2,400 per sq.ft in 2023, followed by a further rise to the current value of Rs 2,640 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 780%. The changes between the revisions indicate fluctuations, with the most notable increase occurring from 2017 to 2023, where the value rose by 49%.

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, positioning Parvathy Nagar - Thiruvalluvar Street above this median.

Stamp duty and registration fee for property in Parvathy Nagar - Thiruvalluvar 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 fees to Rs 2,37,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parvathy Nagar - Thiruvalluvar Street?

The Sub Registrar Office covering Parvathy Nagar - Thiruvalluvar 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property as determined by the local authorities. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Parvathy Nagar - Thiruvalluvar 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 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 this street?

The land classification for Parvathy Nagar - Thiruvalluvar Street is Residential Class I Type - I.

What are the stamp duty and registration fees for a property here?

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 this area?

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