Guideline Value for Mount Pazhandiamman Koil Street (Pazhandiamman Koil Street)

Mount Pazhandiamman Koil Street (Pazhandiamman koil street) guideline value

The current guideline value of Mount Pazhandiamman Koil Street (Pazhandiamman koil street) is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mount Pazhandiamman Koil Street (Pazhandiamman koil street) has changed

The guideline value for Mount Pazhandiamman Koil Street has seen several revisions over the years. In 2012, the guideline value was Rs 4,500 per sq.ft, which decreased to Rs 3,015 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,500 per sq.ft in 2023, and then to Rs 5,000 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Mount Pazhandiamman Koil Street is above this median.

• Mullai Street: Rs 3,900 per sq.ft (2024)
• M K N Road 2nd Lane: Rs 5,500 per sq.ft (2024)
• M K N Road 1st Lane: Rs 5,500 per sq.ft (2024)
• M K N Road: Rs 5,500 per sq.ft (2024)
• M K N Lane: Rs 5,500 per sq.ft (2024)
• Murugan Nagar/Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mount Pazhandiamman Koil Street (Pazhandiamman koil street)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total cost for these fees to Rs 4,50,000. 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 detailed calculations.

Which Sub Registrar Office covers Mount Pazhandiamman Koil Street (Pazhandiamman koil street)?

The Sub Registrar Office that covers Mount Pazhandiamman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Adambakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Mount Pazhandiamman Koil Street?

The current guideline value of Mount Pazhandiamman Koil Street (Pazhandiamman koil street) is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then back to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 5,000 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Mount Pazhandiamman Koil Street is Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable to property transactions.

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

The Sub Registrar Office covering Mount Pazhandiamman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.