Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SRI PARASNATH NAGAR SAYAR BAI STREET

₹2750/sq.ft.

The guideline value for Sri Parasnath Nagar Sayar Bai Street in Thundalam village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thundalam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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
044-29510536
[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 Sri Parasnath Nagar Sayar Bai Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Parasnath Nagar Sayar Bai Street guideline value

The current guideline value of Sri Parasnath Nagar Sayar Bai Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Thundalam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Parasnath Nagar Sayar Bai Street has changed

The guideline value for Sri Parasnath Nagar Sayar Bai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 2,500 per sq.ft in 2023, and most recently to Rs 2,750 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between revisions show a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value in this village is Rs 1,870 per sq.ft, placing Sri Parasnath Nagar Sayar Bai Street above that median.

Stamp duty and registration fee for property in Sri Parasnath Nagar Sayar Bai Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Parasnath Nagar Sayar Bai Street?

Sri Parasnath Nagar Sayar Bai Street is covered by the Chennai South Joint I 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 Thundalam

The guideline value is a crucial factor when buying or selling property in Thundalam. It serves as the basis for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

At the time of registration, the guideline value is compared with the sale price, and the duty is charged on the higher of the two amounts. This ensures that both the state and the buyer are protected in the transaction.

Frequently asked questions

What is the current guideline value of Sri Parasnath Nagar Sayar Bai Street?

The current guideline value of Sri Parasnath Nagar Sayar Bai Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the median guideline value in Thundalam?

The median guideline value in Thundalam is Rs 1,870 per sq.ft, which is lower than the current guideline value of Sri Parasnath Nagar Sayar Bai Street.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,47,500 based on the current guideline value of Rs 2,750 per sq.ft.

Which office handles registrations for Sri Parasnath Nagar Sayar Bai Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Sri Parasnath Nagar Sayar Bai Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.