Guideline Value

Corporate

Guideline Value for Saint Patrick Church Road

₹4400/sq.ft.

The guideline value for Saint Patrick Church 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 ₹471 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹377 /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 Road

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Saint Patrick Church Road guideline value

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

How the guideline value of Saint Patrick Church Road has changed

The guideline value for Saint Patrick Church Road has seen significant changes over the years. In 2002, the value was Rs 377 per sq.ft, which increased to Rs 471 per sq.ft in 2003. Following that, the value rose to Rs 1,100 per sq.ft in 2007, marking a 134% increase from the previous year. The value then jumped to Rs 4,000 per sq.ft in 2012, reflecting a substantial increase of 264%. However, it decreased to Rs 2,680 per sq.ft in 2017, showing a decline of 33% from the 2012 figure. The value then rose to Rs 4,000 per sq.ft in 2023 and finally reached Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1067%. There are no figures available for revisions in years other than those listed.

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 value for these streets is Rs 3,850 per sq.ft, placing Saint Patrick Church Road's 2024 figure above this median.

Stamp duty and registration fee for property in Saint Patrick Church 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 to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Saint Patrick Church Road?

The Sub Registrar Office that covers Saint Patrick Church 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 crucial factor when registering property transactions in Parangimalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties. Buyers and sellers should be aware that the charges are based on the higher of the guideline value or the actual sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Saint Patrick Church Road?

The current guideline value of Saint Patrick Church 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 significantly, starting from Rs 377 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1067% over this period.

What is the land classification for Saint Patrick Church Road?

Saint Patrick Church Road is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 4,400 per sq.ft, the total guideline value for a 1,000 sq.ft plot would be Rs 44,00,000, with a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Saint Patrick Church Road?

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