Guideline Value for SHRI PARAMAGURU ENCLAVE

Shri Paramaguru Enclave guideline value

The current guideline value of Shri Paramaguru Enclave in Nathanallur village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad Sub Registrar Office and is classified as Residential Class I Type - III.

How the guideline value of Shri Paramaguru Enclave has changed

Since the register has no figure for Shri Paramaguru Enclave in the years 2002, 2003, 2007, 2012, and 2017, the most recent revisions are from 2023 and 2024. Both the 2023 and 2024 revisions have the same guideline value of Rs 250 per sq.ft, indicating no change between these two years.

The guideline value for Shri Paramaguru Enclave has remained stable at Rs 250 per sq.ft since the 2023 revision. The 2024 revision, effective from 1 July 2024, confirms this figure, showing a change of +0% from the previous year.

Guideline values in Nathanallur

In Nathanallur, five streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 250 to Rs 500 per sq.ft, with a median value of Rs 400 per sq.ft. Shri Paramaguru Enclave's 2024 guideline value is below this median.

• Sri Krishna Nagar: Rs 500 per sq.ft (2024)
• Rathinam Nagar (Or) Pss Avenue: Rs 400 per sq.ft (2024)
• Kothai Vanam: Rs 500 per sq.ft (2024)
• Ambal Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Paramaguru Enclave

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value would be Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shri Paramaguru Enclave?

The Shri Paramaguru Enclave falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nathanallur. It is used to determine the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. It helps in establishing a fair basis for the property value, which is essential for legal documentation and tax purposes.

Frequently asked questions

What is the current guideline value for Shri Paramaguru Enclave?

The current guideline value for Shri Paramaguru Enclave is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Shri Paramaguru Enclave has remained unchanged at Rs 250 per sq.ft since the 2023 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Nathanallur?

In Nathanallur, the guideline values for other streets range from Rs 250 to Rs 500 per sq.ft. The median value for these streets is Rs 400 per sq.ft.

How is stamp duty calculated for properties in Shri Paramaguru Enclave?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 250 per sq.ft, the total stamp duty and registration fees would amount to Rs 22,500.

Where can I find the Sub Registrar Office for Shri Paramaguru Enclave?

The Sub Registrar Office covering Shri Paramaguru Enclave is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.