Guideline Value for Sri Parvathi Amman Nagar

Sri Parvathi Amman Nagar guideline value

The current guideline value of Sri Parvathi Amman Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This locality is situated in Keelakazhani village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Parvathi Amman Nagar has changed

The guideline value for Sri Parvathi Amman Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a significant increase of 140%. However, from 2012 to 2017, the value dropped to Rs 402 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 600 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 140%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Sri Parvathi Amman Nagar is below this median.

• Sri Paramaswamy Nagar: Rs 800 per sq.ft (2024)
• Sri Meenakshi Nagar: Rs 700 per sq.ft (2024)
• Sri Mahalakshmi Nagar Extn I: Rs 700 per sq.ft (2024)
• Sri Mahalakshmi Nagar Extension-II: Rs 700 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 700 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. 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 Sri Parvathi Amman Nagar?

The Sub Registrar Office that covers Sri Parvathi Amman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Keelakazhani. It is used to determine the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the guideline value is compared with 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 based on the property's value.

Frequently asked questions

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

The current guideline value of Sri Parvathi Amman Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 600 per sq.ft in both 2023 and 2024. It was Rs 402 per sq.ft in 2017 and Rs 250 per sq.ft in 2007.

What is the land classification for Sri Parvathi Amman Nagar?

The land classification for Sri Parvathi Amman Nagar is Residential Special Type - II.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 42,000.