Guideline Value for SRI PARASAKTHI NAGAR

Sri Parasakthi Nagar guideline value

The current guideline value of Sri Parasakthi Nagar in Avoor village, under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sri Parasakthi Nagar has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased by 49% to Rs 100 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Avoor

Avoor village has 10 streets under the Ponneri SRO that carry a 2024 guideline value, all at Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. Sri Parasakthi Nagar's 2024 figure matches this median.

• Smart Land Nagar: Rs 100 per sq.ft (2024)
• Thiru Arul Nagar: Rs 100 per sq.ft (2024)
• Raja Rajeshwari Avenue: Rs 100 per sq.ft (2024)
• Jesus Avenue: Rs 100 per sq.ft (2024)
• Immanuvel Garden: Rs 100 per sq.ft (2024)
• Icipl Estates: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Parasakthi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Parasakthi Nagar?

The Sub Registrar Office that covers Sri Parasakthi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Avoor. It determines the minimum value at which a property can be registered, ensuring that the stamp duty and registration fees are calculated based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Sri Parasakthi Nagar?

The current guideline value of Sri Parasakthi Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and it remained at Rs 100 per sq.ft in 2024. Overall, this is a 49% increase from 2017 to 2024.

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

Other streets in Avoor also have a guideline value of Rs 100 per sq.ft in 2024. These include Smart Land Nagar, Thiru Arul Nagar, Raja Rajeshwari Avenue, Jesus Avenue, Immanuvel Garden, and Icipl Estates.

What fees are associated with property registration in Sri Parasakthi Nagar?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 9,000.

Where can I find the Sub Registrar Office for Sri Parasakthi Nagar?

The Sub Registrar Office for Sri Parasakthi Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registrations for properties in the area.