Guideline Value for PACHIAMMAN KOIL STREET 1 TO 8 STREETS

Pachiamman Koil Street 1 To 8 Streets guideline value

The current guideline value for Pachiamman Koil Street 1 To 8 Streets is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Pachiamman Koil Street 1 To 8 Streets has changed

The guideline value for Pachiamman Koil Street has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased by 24% to Rs 1,000 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 1,320 per sq.ft, reflecting a 32% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 1,940 per sq.ft, placing Pachiamman Koil Street's 2024 figure below this median.

• Pachiamman Koil Street: Rs 1,320 per sq.ft (2024)
• Periyar Nagar: Rs 1,100 per sq.ft (2024)
• Periyar Nagar 1 To 4 Streets: Rs 1,100 per sq.ft (2024)
• Pilliyar Koil Street: Rs 1,940 per sq.ft (2024)
• Muneswaran Koil Street: Rs 1,100 per sq.ft (2024)
• Muneswaran Koil Mettu Street: Rs 1,080 per sq.ft (2024)

Stamp duty and registration fee for property in Pachiamman Koil Street 1 To 8 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that the 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 accurate estimates.

Which Sub Registrar Office covers Pachiamman Koil Street 1 To 8 Streets?

The Pachiamman Koil Street 1 To 8 Streets fall under 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 Thirusulam

The guideline value is a critical factor during the registration of property transactions in Thirusulam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value for Pachiamman Koil Street 1 To 8 Streets?

The current guideline value for Pachiamman Koil Street 1 To 8 Streets is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 10% over the 12-year period.

What is the median guideline value for streets in Thirusulam?

The median guideline value for streets in Thirusulam is Rs 1,940 per sq.ft, which means Pachiamman Koil Street's value is below this median.

What are the stamp duty rates for property transactions?

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

Where can I find the Sub Registrar Office for Pachiamman Koil Street?

The Sub Registrar Office covering Pachiamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.