Guideline Value for ZEN

Zen guideline value

The current guideline value for Zen in Parameswaramangalam village is Rs 523 per sq.ft, effective from 1 July 2024. This area falls under the Cheyyur SRO and is classified as Mixed Type - III.

How the guideline value of Zen has changed

In the 2024 revision, the guideline value for Zen is recorded at Rs 523 per sq.ft, which is the same as the 2023 revision. The register has no figure for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 523 per sq.ft. The previous revisions also did not provide a figure for this street, indicating stability in the guideline value over the past two years.

Guideline values in Parameswaramangalam

In Parameswaramangalam, there are five streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,100 per sq.ft. The median value for these streets is Rs 523 per sq.ft, placing Zen's 2024 figure at this median.

• Sai Nagar Ecr Road: Rs 540 per sq.ft (2024)
• Harshatha Avenue: Rs 523 per sq.ft (2024)
• Athirstam: Rs 1,100 per sq.ft (2024)
• வண்ண முகில் குடியிருப்பு: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Zen

For a 1,000 sq.ft plot at the current rate of Rs 523 per sq.ft, the guideline value amounts to Rs 5,23,000. The stamp duty at 7% would be Rs 36,610, and the registration fee at 2% would be Rs 10,460, totaling Rs 47,070. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Zen?

Zen is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Parameswaramangalam. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair transaction price. It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Zen?

The current guideline value for Zen in Parameswaramangalam village is Rs 523 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Zen has remained constant at Rs 523 per sq.ft from 2023 to 2024. The register has no figure for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Parameswaramangalam?

Other streets in Parameswaramangalam have varying guideline values ranging from Rs 200 to Rs 1,100 per sq.ft. The median value for these streets is Rs 523 per sq.ft, which is also the guideline value for Zen.

What are the stamp duty and registration fees for property in Zen?

For a 1,000 sq.ft plot at Rs 523 per sq.ft, the guideline value is Rs 5,23,000. The total stamp duty and registration fees would amount to Rs 47,070, which includes a stamp duty of Rs 36,610 and a registration fee of Rs 10,460.

Which office handles the registration for Zen?

The registration for Zen is handled by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.