Guideline Value for PALAIYUR MADAM C.R.KALATHUMEDU STREET

Palaiyur Madam C.R.Kalathumedu Street guideline value

The current guideline value of Palaiyur Madam C.R.Kalathumedu Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Palaiyur Madam C.R.Kalathumedu Street has changed

The guideline value for Palaiyur Madam C.R.Kalathumedu Street has undergone several revisions over the years. The 2017 revision set the value at Rs 234 per sq.ft, which remained unchanged in the 2023 revision. However, from 2023 to 2024, the guideline value increased to Rs 350 per sq.ft, showing no percentage change from the previous year. Overall, from 2017 to 2024, there has been a 50% increase in the guideline value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that the values for these years are not registered.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this area is Rs 101 per sq.ft, making the current value of Palaiyur Madam C.R.Kalathumedu Street above the median.

• Palaiyur Madam Cross Street: Rs 350 per sq.ft (2024)
• Palaiyarmadam Road: Rs 350 per sq.ft (2024)
• Palaiyar Madam Mandaba 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 Palaiyur Madam C.R.Kalathumedu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, while the registration fee at 2% would be Rs 7,000, bringing the total cost for stamp duty and registration fees to Rs 31,500. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Palaiyur Madam C.R.Kalathumedu Street?

The Sub Registrar Office that covers Palaiyur Madam C.R.Kalathumedu Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Cheyyur - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and consistency in property dealings.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Palaiyur Madam C.R.Kalathumedu Street?

The current guideline value of Palaiyur Madam C.R.Kalathumedu Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024, reflecting a 50% increase overall. There was no change from 2023 to 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office registers properties in Cheyyur - A?

The Cheyyur Sub Registrar Office is responsible for registering properties in Cheyyur - A, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value serves as a benchmark for the minimum registration value of properties in Cheyyur - A. It is essential for calculating stamp duty and registration fees, ensuring that property transactions are conducted fairly and transparently.