Guideline Value for PACHAIAMMAN KOIL COLONY CROSS STREET

Pachaiamman Koil Colony Cross Street guideline value

The current guideline value of Pachaiamman Koil Colony Cross Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Pachaiamman Koil Colony Cross Street has changed

The guideline value for Pachaiamman Koil Colony Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in 2017. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and finally, it reached Rs 2,160 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. Notably, there are no registered figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the current guideline value of Pachaiamman Koil Colony Cross Street below this median.

• Pachaiamman Koil 1 To 4 Streets: Rs 2,750 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 Colony Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total cost for these fees to Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachaiamman Koil Colony Cross Street?

The Pachaiamman Koil Colony Cross Street falls under the jurisdiction of 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 a crucial factor in the registration process of property transactions in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value will influence the overall costs involved in the transaction. Buyers should be aware that the stamp duty is based on the guideline value or the sale price, whichever is higher, thus impacting the total financial outlay for the property.

Frequently asked questions

What is the current guideline value of Pachaiamman Koil Colony Cross Street?

The current guideline value of Pachaiamman Koil Colony Cross Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,160 per sq.ft in 2024.

What is the land classification for this street?

Pachaiamman Koil Colony Cross Street is classified as Residential Class III Type - I.

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

The Pallavaram Sub Registrar Office covers Pachaiamman Koil Colony Cross Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 21,60,000, resulting in a stamp duty of Rs 1,51,200.