Guideline Value for PACHIAMMAN KOIL STREET

Pachiamman Koil Street guideline value

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

How the guideline value of Pachiamman Koil Street has changed

The guideline value for Pachiamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. In the 2023 revision, the value increased to Rs 1,000 per sq.ft, and the latest 2024 revision raised it further to Rs 1,320 per sq.ft, marking a 32% increase from the previous year.

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

Guideline values in Thirusulam

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

• Pachiamman Koil Street 1 To 8 Streets: 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

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, leading to a total of Rs 1,18,800. 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 precise calculations.

Which Sub Registrar Office covers Pachiamman Koil Street?

The Sub Registrar Office that covers Pachiamman Koil Street 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 Thirusulam

The guideline value is a crucial factor in property transactions in Thirusulam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value serves as a benchmark for the minimum price at which a property can be sold. This ensures transparency and helps in the assessment of taxes related to property transactions.

Frequently asked questions

What is the current guideline value of Pachiamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Pachiamman Koil Street?

Pachiamman Koil Street is classified as Residential Class III Type - I.

What is the median guideline value for streets in Thirusulam?

The median guideline value for the 74 streets in Thirusulam is Rs 1,940 per sq.ft, which is above the current value of Pachiamman Koil Street.

Where is the Pallavaram Sub Registrar Office located?

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