Guideline Value for PALAIYUR MADAM CROSS STREET

Palaiyur Madam Cross Street guideline value

The current guideline value of Palaiyur Madam Cross 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 Cross Street has changed

In the 2017 revision, the guideline value was set at Rs 234 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 350 per sq.ft. The 2024 revision has maintained the same value of Rs 350 per sq.ft, resulting in a 0% change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 50%.

The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures listed for this street in the register. Therefore, the only significant changes in guideline value have occurred between 2017, 2023, and 2024.

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 for these streets is Rs 101 per sq.ft, placing Palaiyur Madam Cross Street's 2024 figure above that median.

• Palaiyur Madam C.R.Kalathumedu 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 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to 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, leading to a total of Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Palaiyur Madam Cross Street?

The Cheyyur Sub Registrar Office covers Palaiyur Madam Cross Street. The office is located at 3/156, Salt Road, Cheyyur- 603 302, in the 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 in property transactions in Cheyyur - A. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Palaiyur Madam Cross Street?

The current guideline value of Palaiyur Madam Cross 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 remained at Rs 350 per sq.ft from 2023 to 2024, while it increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, marking a 50% increase overall from 2017 to 2024.

What are the other streets with the same guideline value in Cheyyur - A?

Other streets in Cheyyur - A with the same guideline value of Rs 350 per sq.ft include Palaiyur Madam C.R.Kalathumedu Street, Palaiyarmadam Road, Palaiyar Madam Mandaba Street, and Palayar Perumal Kovil Street.

What is the registration office for Palaiyur Madam Cross Street?

The registration office for Palaiyur Madam Cross Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

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 at 7% would be Rs 24,500.