Guideline Value

Corporate

Guideline Value for Sain Thomas Mount Road

₹4400/sq.ft.

The guideline value for Sain Thomas Mount Road in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
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
044-29510538
[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 Sain Thomas Mount Road

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Sain Thomas Mount Road guideline value

The current guideline value of Sain Thomas Mount Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village and falls under the Chennai South Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Sain Thomas Mount Road has changed

Over the years, the guideline value of Sain Thomas Mount Road has seen significant changes. The earliest recorded revision was in 2007, with a value of Rs 1,100 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a remarkable growth of 264%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The subsequent revisions saw a rise to Rs 4,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 4,400 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 300%. The register has no figures available for the years 2002 and 2003 for this street.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, indicating that Sain Thomas Mount Road's 2024 figure is above the median.

Stamp duty and registration fee for property in Sain Thomas Mount Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Sain Thomas Mount Road?

The Sub Registrar Office that covers Sain Thomas Mount Road is the Chennai South Joint II 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 information.

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

The guideline value is a critical factor when buying or selling property in Parangimalai. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at a fair value as per the registration department's standards.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sain Thomas Mount Road?

The current guideline value of Sain Thomas Mount Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What is the land classification for Sain Thomas Mount Road?

Sain Thomas Mount Road is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For a property valued at Rs 44,00,000, the total fees can amount to Rs 3,96,000.

Where can I find the Sub Registrar Office for Sain Thomas Mount Road?

The Sub Registrar Office for Sain Thomas Mount Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.