Guideline Value for PACHIAPPAN KOIL STREET

Pachiappan Koil Street guideline value

The current guideline value of Pachiappan Koil Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pachiappan Koil Street has changed

The guideline value for Pachiappan Koil Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease in the 2017 revision, which recorded a value of Rs 1,340 per sq.ft, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 2,160 per sq.ft, reflecting a rise of 61%.

Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, positioning Pachiappan Koil Street's 2024 figure below that median.

• Pachaiyappan Nagar Cross Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Koil Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony Extn.: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony Eri Side St.: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 4th Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 3rd Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pachiappan Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachiappan Koil Street?

The Sub Registrar Office that covers Pachiappan 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 Zaminpallavaram

The guideline value is a crucial figure used during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the total cost involved in the registration process. Buyers and sellers should ensure that they are informed about the current guideline values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Pachiappan Koil Street?

The current guideline value of Pachiappan Koil 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, and then increased to Rs 2,160 per sq.ft in 2024. Overall, this represents an increase of 8% from 2012 to 2024.

What is the land classification of Pachiappan Koil Street?

Pachiappan Koil Street is classified as Residential Class III Type - I. This classification indicates the type of residential development permissible in the area.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,94,400.

Where is the Sub Registrar Office for Pachiappan Koil Street located?

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