Guideline Value for PACHAIAMMAN KOIL 1 TO 4 STREETS

Pachaiamman Koil 1 To 4 Streets guideline value

The current guideline value of Pachaiamman Koil 1 To 4 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Zaminpallavaram village under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Pachaiamman Koil 1 To 4 Streets has changed

The guideline value for Pachaiamman Koil 1 To 4 Streets has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision that recorded Rs 1,675 per sq.ft. However, the value increased to Rs 2,500 per sq.ft in the 2012 revision and then rose significantly to Rs 2,500 per sq.ft in 2023, marking a 49% increase from the previous figure. The current value of Rs 2,750 per sq.ft from the 2024 revision represents a 10% increase from the 2023 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing the guideline value of Pachaiamman Koil 1 To 4 Streets below this median.

• Pachaiamman Koil Colony Cross Street: Rs 2,160 per sq.ft (2024)
• Pachaiamman Koil Colony Eri Ora Street: Rs 2,160 per sq.ft (2024)
• Pachaiyamman Nagar: Rs 2,750 per sq.ft (2024)
• Pachaiyappan Colony: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 1st Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 2nd Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiamman Koil 1 To 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost together to Rs 2,47,500. It is important to note that the 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 Pachaiamman Koil 1 To 4 Streets?

The Sub Registrar Office that covers Pachaiamman Koil 1 To 4 Streets 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 information.

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

The guideline value is an essential factor in the property registration process in Zaminpallavaram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is crucial for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Pachaiamman Koil 1 To 4 Streets?

The current guideline value of Pachaiamman Koil 1 To 4 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. From 2017 to 2023, it increased by 49%, and from 2012 to 2017, it decreased by 33%.

What is the land classification for Pachaiamman Koil 1 To 4 Streets?

Pachaiamman Koil 1 To 4 Streets is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for this area?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 2,47,500.

Where is the Sub Registrar Office for this area located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.