Guideline Value

Corporate

Guideline Value for Raja Street 9th Lane

₹3850/sq.ft.

The guideline value for Raja Street 9th Lane in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹397 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹300 /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 Raja Street 9th Lane

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Raja Street 9th Lane guideline value

The current guideline value of Raja Street 9th Lane in Parangimalai village is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Raja Street 9th Lane has changed

The guideline value for Raja Street 9th Lane has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 300 per sq.ft. This increased to Rs 397 per sq.ft in 2003, marking a rise of 32%. The value then saw significant growth, reaching Rs 800 per sq.ft in 2007, which was an increase of 102%. However, from 2007 to 2012, the value decreased to Rs 3,500 per sq.ft, a decline of 33%. In 2017, the guideline value was revised to Rs 2,345 per sq.ft, which was a drop from the previous figure. The most recent revisions show a rise, with the 2023 figure at Rs 3,500 per sq.ft, and the current 2024 revision at Rs 3,850 per sq.ft, reflecting a 10% increase.

Overall, from the 2002 revision to 2024, the guideline value has increased by 1183%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median value of these streets is Rs 3,850 per sq.ft, which is equal to the current guideline value of Raja Street 9th Lane.

Stamp duty and registration fee for property in Raja Street 9th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Raja Street 9th Lane?

The Sub Registrar Office that covers Raja Street 9th Lane 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 information.

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

The guideline value is an essential factor when registering a property in Parangimalai. It serves as a benchmark for determining the applicable stamp duty and registration fees during the transaction process.

When a buyer or seller engages in a property transaction, the guideline value is used to ensure that the correct fees are calculated based on the property's worth. This helps maintain transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Raja Street 9th Lane?

The current guideline value of Raja Street 9th Lane is Rs 3,850 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 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 1183% over the years.

What are the other streets in Parangimalai with the same guideline value?

Other streets in Parangimalai with the same guideline value of Rs 3,850 per sq.ft include Raja Street 8th Lane, Raja Street 7th Lane, Raja Street 6th Lane, Raja Street 5th Lane, Raja Street Main, and Raja Street 4th Lane.

What is the stamp duty for a property in Raja Street 9th Lane?

The stamp duty for a property in Raja Street 9th Lane is calculated at 7% of the guideline value. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,69,500.

Where is the Sub Registrar Office for Raja Street 9th Lane located?

The Sub Registrar Office for Raja Street 9th Lane is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.