Guideline Value

Corporate

Guideline Value for Sri Sivaparvathi Nagar

₹1320/sq.ft.

The guideline value for Sri Sivaparvathi Nagar in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thiruneermalai

Village

Pammal

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹315 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹39 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[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 Sivaparvathi Nagar

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Sri Sivaparvathi Nagar guideline value

The current guideline value for Sri Sivaparvathi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thiruneermalai village under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Sivaparvathi Nagar has changed

The guideline value for Sri Sivaparvathi Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 39 per sq.ft, which increased to Rs 315 per sq.ft in 2007, marking a change of +708%. By 2017, the value rose to Rs 804 per sq.ft, a substantial increase of +155%. The 2023 revision set the guideline value at Rs 1,200 per sq.ft, reflecting a +49% rise from the previous revision. The most recent revision in 2024 has brought the value to Rs 1,320 per sq.ft, which is a +10% increase from 2023.

There are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +3,285%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. The guideline value for Sri Sivaparvathi Nagar is below this median.

Stamp duty and registration fee for property in Sri Sivaparvathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Sri Sivaparvathi Nagar?

The Sub Registrar Office covering Sri Sivaparvathi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value for Sri Sivaparvathi Nagar?

The current guideline value for Sri Sivaparvathi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly, from Rs 39 per sq.ft to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of +3,285%.

What are the stamp duty rates for property in Sri Sivaparvathi Nagar?

The stamp duty rate for property transactions in Sri Sivaparvathi Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Sri Sivaparvathi Nagar?

The Pammal Sub Registrar Office handles property registrations for Sri Sivaparvathi Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the other streets in Thiruneermalai with similar guideline values?

Other streets in Thiruneermalai include Sri Ranganathaswamy 2nd Street, Sri Ranganathaswamy 1st Street, Sri Ranganathan Nagar, Subbarayan Nagar 4st Cross Street, Subbuayya Nagar, and Subburaya Nagar 1st Cross Street, all with a 2024 guideline value of Rs 2,420 per sq.ft.