Guideline Value for P.P.AMMAN KOIL ST, WESTERN PORTION

P.P.Amman Koil St, Western Portion guideline value

The current guideline value for P.P.Amman Koil St, Western Portion is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of P.P.Amman Koil St, Western Portion has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, reflecting a decline of 33%. The value then increased significantly to Rs 3,000 per sq.ft in 2023, marking a rise of 49% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the 2023 figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for P.P.Amman Koil St, Western Portion.

• Ponds Colony/Company: Rs 4,400 per sq.ft (2024)
• Pudu Street: Rs 4,400 per sq.ft (2024)
• Purusothaman Street: Rs 3,300 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 3,850 per sq.ft (2024)
• Railway Colony: Rs 3,300 per sq.ft (2024)
• Railway Station Cross Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in P.P.Amman Koil St, Western Portion

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would amount to Rs 66,000, bringing the total cost to Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers P.P.Amman Koil St, Western Portion?

The Sub Registrar Office that covers P.P.Amman Koil St, Western Portion is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Issa Pallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for P.P.Amman Koil St, Western Portion?

The current guideline value for P.P.Amman Koil St, Western Portion is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for P.P.Amman Koil St, Western Portion?

The land classification for P.P.Amman Koil St, Western Portion is Residential Class I Type - II.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for P.P.Amman Koil St, Western Portion is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.