Guideline Value for PALAIYARMADAM ROAD

Palaiyarmadam Road guideline value

The current guideline value of Palaiyarmadam Road is Rs 350 per sq.ft, effective from 1 July 2024. This road is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Palaiyarmadam Road has changed

The guideline value for Palaiyarmadam Road has remained consistent at Rs 350 per sq.ft since the 2023 revision. Prior to that, in the 2017 revision, the value was Rs 234 per sq.ft, marking a 50% increase to the current rate. The register has no figures for the years 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2023 revision, there was a 50% increase, bringing the value from Rs 234 per sq.ft to Rs 350 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft, with the median being Rs 101 per sq.ft. Palaiyarmadam Road's current guideline value is above this median.

• Palaiyar Madam Mandaba Street: Rs 350 per sq.ft (2024)
• Palaiyur Madam C.R.Kalathumedu Street: Rs 350 per sq.ft (2024)
• Palaiyur Madam Cross Street: Rs 350 per sq.ft (2024)
• Palayar Perumal Kovil Street: Rs 350 per sq.ft (2024)
• Patchiyamman Kovil Street: Rs 101 per sq.ft (2024)
• Niyayavelaikadai Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Palaiyarmadam Road

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value is Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total Rs 31,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Palaiyarmadam Road?

The Sub Registrar Office that covers Palaiyarmadam Road is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is an essential factor in the registration process when buying or selling property in Cheyyur - A. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Palaiyarmadam Road?

The current guideline value of Palaiyarmadam Road is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since the 2023 revision. It increased from Rs 234 per sq.ft in the 2017 revision, showing a 50% increase overall from 2017 to 2024.

What is the land classification for Palaiyarmadam Road?

Palaiyarmadam Road is classified as Residential Special Type - III, which influences its guideline value and potential uses.

Where can I find the Cheyyur Sub Registrar Office?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. This office handles all registrations for properties in the area.

How is stamp duty calculated for properties in Cheyyur - A?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 at the rate of 7%.