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Guideline Value

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Guideline Value for Saint Patrick Church 1 to 5 Street

₹4400/sq.ft.

The guideline value for Saint Patrick Church 1 To 5 Street 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 ₹369 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹295 /sq.ft.
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 Saint Patrick Church 1 To 5 Street

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Saint Patrick Church 1 to 5 Street guideline value

The current guideline value for Saint Patrick Church 1 to 5 Street 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. The land classification for this area is Residential Class I Type - II.

How the guideline value of Saint Patrick Church 1 to 5 Street has changed

The guideline value for Saint Patrick Church 1 to 5 Street has seen significant changes over the years. In 2002, the guideline value was Rs 295 per sq.ft. This value increased to Rs 369 per sq.ft in 2003, and then rose sharply to Rs 1,100 per sq.ft in 2007. The value further increased to Rs 4,000 per sq.ft in 2012, but experienced a decline to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft again in 2023 before reaching the current figure of Rs 4,400 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The most notable increase occurred from 2007 to 2012, where it rose by 264%. Overall, from 2002 to 2024, the guideline value has increased by 1392%. There are no years in the register that have no figure for this street.

Guideline values in Parangimalai

In Parangimalai village, 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 guideline value for these streets is Rs 3,850 per sq.ft, placing the current value of Saint Patrick Church 1 to 5 Street above this median.

Stamp duty and registration fee for property in Saint Patrick Church 1 to 5 Street

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 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 Saint Patrick Church 1 to 5 Street?

The Sub Registrar Office that covers Saint Patrick Church 1 to 5 Street 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. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Parangimalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Saint Patrick Church 1 to 5 Street?

The current guideline value of Saint Patrick Church 1 to 5 Street 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 295 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 1392% over the years.

What is the land classification for this street?

The land classification for Saint Patrick Church 1 to 5 Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Saint Patrick Church 1 to 5 Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be calculated at 7% of that amount.