Guideline Value

Corporate

Guideline Value for Sri Parvathi Amman Nagar

₹500/sq.ft.

The guideline value for Sri Parvathi Amman Nagar in Orathur village (Gooduvancheri SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Orathur

Village

Gooduvancheri

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Parvathi Amman Nagar

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Sri Parvathi Amman Nagar guideline value

The current guideline value of Sri Parvathi Amman Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This locality is situated in Orathur village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Parvathi Amman Nagar has changed

The guideline value for Sri Parvathi Amman Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased to Rs 500 per sq.ft in the 2012 revision, marking a 100% rise. However, in 2017, the value was adjusted down to Rs 335 per sq.ft, representing a decrease of 33%. The 2023 revision maintained the value at Rs 500 per sq.ft, and the latest 2024 revision also keeps it at Rs 500 per sq.ft, showing no change from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 100%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with the median being Rs 500 per sq.ft. The guideline value of Sri Parvathi Amman Nagar aligns with this median.

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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total charges Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further 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 Orathur

When buying or selling property in Orathur, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which properties must be registered, ensuring that transactions are recorded at a value that reflects the local market conditions.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

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 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, starting from Rs 250 per sq.ft in 2007, increasing to Rs 500 per sq.ft in 2012, dropping to Rs 335 per sq.ft in 2017, and then stabilizing at Rs 500 per sq.ft in both 2023 and 2024.

What is the land classification of Sri Parvathi Amman Nagar?

Sri Parvathi Amman Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

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 stamp duty calculated for properties in Sri Parvathi Amman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000.