Guideline Value for SRI PARVATHI NAGAR

Sri Parvathi Nagar guideline value

The current guideline value of Sri Parvathi Nagar is Rs 350 per sq.ft. This area falls under Thozhuvur village and is classified as Residential Class III Type - I. The relevant registration office for this locality is the Tiruvallur Joint 1 SRO.

How the guideline value of Sri Parvathi Nagar has changed

Looking at the revisions, the guideline value for Sri Parvathi Nagar was Rs 350 per sq.ft in 2012. However, in the 2017 revision, it decreased to Rs 234 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 350 per sq.ft, which is a 50% increase from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained the same at Rs 350 per sq.ft. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures provided for Thozhuvur. Sri Parvathi Nagar is the only street mentioned in the available data.

Stamp duty and registration fee for property in Sri Parvathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value would be Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Parvathi Nagar?

The Sub Registrar Office that covers Sri Parvathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Thozhuvur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of registration and any associated fees. Ensuring compliance with these values is essential for a smooth property transfer process.

Frequently asked questions

What is the current guideline value of Sri Parvathi Nagar?

The current guideline value of Sri Parvathi Nagar is Rs 350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, and then back to Rs 350 per sq.ft in 2023. This reflects a decrease of 33% from 2012 to 2017, followed by a 50% increase from 2017 to 2023.

What is the classification of land in Sri Parvathi Nagar?

Sri Parvathi Nagar is classified as Residential Class III Type - I. This classification impacts the guideline value and the applicable regulations for property transactions.

Where is the Sub Registrar Office for Sri Parvathi Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. This office handles registrations for properties in Sri Parvathi Nagar.

How is stamp duty calculated for properties in Sri Parvathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 3,50,000, the stamp duty would be Rs 24,500 at a rate of 7%.