Guideline Value

Corporate

Guideline Value for Sri Parvathi Nagar Annex II Extention

₹275/sq.ft.

The guideline value for Sri Parvathi Nagar Annex Ii Extention in Sirungavoor village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirungavoor

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Sri Parvathi Nagar Annex Ii Extention

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Sri Parvathi Nagar Annex II Extention guideline value

The current guideline value of Sri Parvathi Nagar Annex II Extention is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Sirungavoor village and falls under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Parvathi Nagar Annex II Extention has changed

The guideline value for Sri Parvathi Nagar Annex II Extention has undergone several revisions over the years. The oldest available figure is from 2007, which was Rs 100 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2012, marking a 150% rise. However, it saw a decrease to Rs 167 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 250 per sq.ft in 2023, followed by another increase to the current value of Rs 275 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Sirungavoor

In Sirungavoor, there are 24 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 275 per sq.ft, which is equal to the guideline value of Sri Parvathi Nagar Annex II Extention.

Stamp duty and registration fee for property in Sri Parvathi Nagar Annex II Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees together to Rs 24,750. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Parvathi Nagar Annex II Extention?

The Sub Registrar Office that covers Sri Parvathi Nagar Annex II Extention is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Sirungavoor. It serves as a benchmark for determining the minimum value of a property, ensuring that the property is not sold for less than its assessed value. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When buying or selling property, it is essential to refer to the latest guideline value to understand the financial implications of the transaction. The guideline value can influence the overall cost of buying or selling property, as it is directly linked to the fees associated with registration.

Frequently asked questions

What is the current guideline value of Sri Parvathi Nagar Annex II Extention?

The current guideline value of Sri Parvathi Nagar Annex II Extention is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, reflecting a total increase of 175% over the years.

What is the land classification for Sri Parvathi Nagar Annex II Extention?

The land classification for Sri Parvathi Nagar Annex II Extention is Residential Class I Type - I.

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

The Sub Registrar Office for Sri Parvathi Nagar Annex II Extention is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Sri Parvathi Nagar Annex II Extention?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 19,250.