Guideline Value

Corporate

Guideline Value for Police Station Road

₹4400/sq.ft.

The guideline value for Police Station 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 ₹250 /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 Station Road

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Police Station Road guideline value

The current guideline value of Police Station Road in Parangimalai village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Police Station Road has changed

The guideline value for Police Station Road has seen significant changes over the years. In 2002, the value was Rs 250 per sq.ft, which increased to Rs 338 per sq.ft in 2003, marking a 35% rise. Following this, the value surged to Rs 1,100 per sq.ft in 2007, representing a 225% increase. In 2012, the value was Rs 4,000 per sq.ft, showing an increase of 264% from the previous revision. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33% from 2012. The value then increased to Rs 4,000 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, an increase of 10% from 2023.

There are no figures available for the revisions in years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1660%.

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, with a median value of Rs 3,850 per sq.ft. The guideline value of Police Station Road is above this median.

Stamp duty and registration fee for property in Police Station 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important 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 Police Station Road?

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

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

The guideline value is a crucial factor in property transactions in Parangimalai. It determines the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. Buyers and sellers must be aware of the guideline value to ensure compliance with registration regulations and to avoid any legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Police Station Road?

The current guideline value of Police Station 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, increasing from Rs 250 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1660%.

What is the classification of Police Station Road?

Police Station Road is classified as Residential Class I Type - II under the Chennai South Joint II SRO.

How is stamp duty calculated for properties on Police Station Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Police Station Road?

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