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Guideline Value

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Guideline Value for Parvathy Nagar/Streets- E.V.R Periyar Road

₹2640/sq.ft.

The guideline value for Parvathy Nagar/streets- E.v.r Periyar Road 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/streets- E.v.r Periyar Road

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Parvathy Nagar/Streets- E.V.R Periyar Road guideline value

The current guideline value for Parvathy Nagar/Streets- E.V.R Periyar Road 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/Streets- E.V.R Periyar Road has changed

The guideline value for Parvathy Nagar/Streets- E.V.R Periyar Road has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 300 per sq.ft. This value increased significantly by 700% to Rs 2,400 per sq.ft in 2012. However, between 2012 and 2017, the value decreased by 33% to Rs 1,608 per sq.ft. The value then rose by 49% to Rs 2,400 per sq.ft in 2023, and currently stands at Rs 2,640 per sq.ft following a 10% increase in the 2024 revision.

It is important to note that the register has no figures for the years 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 carry a 2024 guideline value, 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, making the current value of Parvathy Nagar/Streets- E.V.R Periyar Road above this median.

Stamp duty and registration fee for property in Parvathy Nagar/Streets- E.V.R Periyar Road

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 essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parvathy Nagar/Streets- E.V.R Periyar Road?

The Sub Registrar Office that covers Parvathy Nagar/Streets- E.V.R Periyar Road 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 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 a property is sold, the sale price must be compared with the guideline value. The higher of the two figures will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Parvathy Nagar/Streets- E.V.R Periyar Road?

The current guideline value for Parvathy Nagar/Streets- E.V.R Periyar Road 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% over the years.

What is the land classification for this area?

The land classification for Parvathy Nagar/Streets- E.V.R Periyar Road is Residential Class I Type - I.

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

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, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone, handles registrations for Parvathy Nagar/Streets- E.V.R Periyar Road.