Guideline Value for SRI PARVATHY AMMAN NAGAR

Sri Parvathy Amman Nagar guideline value

The current guideline value of Sri Parvathy Amman Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Pakkam village, under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Sri Parvathy Amman Nagar has changed

The guideline value of Sri Parvathy Amman Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. Following that, the value increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from 2017 to 2023, and no change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, comparing the 2012 revision to the current 2024 revision, there has been no change, as both years reflect a guideline value of Rs 100 per sq.ft. The fluctuations in value highlight the adjustments made in response to the real estate market in the area.

Guideline values in Pakkam

In Pakkam village, there are six streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, placing Sri Parvathy Amman Nagar at the same level as the median.

• Thirumalai Nagar: Rs 100 per sq.ft (2024)
• New Sun City: Rs 100 per sq.ft (2024)
• Moon City Annex: Rs 100 per sq.ft (2024)
• Dreem City: Rs 100 per sq.ft (2024)
• A.T.M. Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Parvathy Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It's 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 further calculations.

Which Sub Registrar Office covers Sri Parvathy Amman Nagar?

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

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

The guideline value plays a crucial role in the registration of property transactions in Pakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sri Parvathy Amman Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, and then back to Rs 100 per sq.ft in both 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification for Sri Parvathy Amman Nagar?

Sri Parvathy Amman Nagar is classified as Residential Class II Type - I. This classification indicates the type of development allowed in the area.

What are the stamp duty rates applicable in Sri Parvathy Amman Nagar?

The stamp duty rate in Sri Parvathy Amman Nagar is 7%, while the registration fee is 2%. These rates are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations for Sri Parvathy Amman Nagar and surrounding areas.