Guideline Value

Corporate

Guideline Value for Police Office Road

₹4400/sq.ft.

The guideline value for Police Office Road in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹338 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹270 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Police Office Road

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Police Office Road guideline value

The current guideline value of Police Office Road is Rs 4,400 per sq.ft. This road is located in Parangimalai village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Police Office Road has changed

The guideline value for Police Office Road has seen significant changes over the years. In 2002, the value was Rs 270 per sq.ft, which increased to Rs 338 per sq.ft in 2003, marking a 25% rise. The value then jumped to Rs 1,100 per sq.ft in 2007, reflecting a substantial increase of 225%. By 2012, the guideline value was Rs 4,000 per sq.ft, which was a 264% increase from the previous revision. However, this figure decreased by 33% to Rs 2,680 per sq.ft in 2017.

In 2023, the guideline value rose to Rs 4,000 per sq.ft, and the latest revision in 2024 set it at Rs 4,400 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1530%.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, and Police Office Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Police Office Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, the total cost would be Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Police Office Road?

The Sub Registrar Office that covers Police Office Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Parangimalai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of the transaction.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it affects the overall costs involved in the transaction. Ensuring that the property is registered at or above this value is essential for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Police Office Road?

The current guideline value of Police Office Road is Rs 4,400 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 270 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1530% over this period.

What is the land classification for Police Office Road?

The land classification for Police Office Road is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Police Office Road?

The registration office for Police Office Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Police Office Road?

Stamp duty for properties in Police Office Road is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 3,08,000.