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Guideline Value

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Guideline Value for Parvathy Nagar/ Panchali Amman Nagar

₹2640/sq.ft.

The guideline value for Parvathy Nagar/ Panchali Amman Nagar 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/ Panchali Amman Nagar

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Parvathy Nagar/ Panchali Amman Nagar guideline value

The current guideline value for Parvathy Nagar/ Panchali Amman Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024. This area 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/ Panchali Amman Nagar has changed

The guideline value for Parvathy Nagar/ Panchali Amman Nagar has seen 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. However, it then dropped to Rs 1,608 per sq.ft in 2017. Following this, the value rose to Rs 2,400 per sq.ft in 2023, and most recently, it has increased to Rs 2,640 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 780%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

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, making the 2024 figure for Parvathy Nagar/ Panchali Amman Nagar above the median.

Stamp duty and registration fee for property in Parvathy Nagar/ Panchali Amman Nagar

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 the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parvathy Nagar/ Panchali Amman Nagar?

The Sub Registrar Office that covers Parvathy Nagar/ Panchali Amman Nagar 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 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 are applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is registered accurately and legally. Buyers and sellers should be aware of the current guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value for Parvathy Nagar/ Panchali Amman Nagar?

The current guideline value for Parvathy Nagar/ Panchali Amman Nagar 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, showing a significant increase over the years.

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 include Kaviarasu Kannadasan St, Pillayar Koil Street, Kattabomman Street, Rajaji Street, Kambar Street, and E.V.R Periyar Road.

Where can I find the registration office for Parvathy Nagar/ Panchali Amman Nagar?

The registration office for Parvathy Nagar/ Panchali Amman Nagar 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/ Panchali Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 1,84,800.