Guideline Value for PALANDIAMMAL KOIL STREET

Palandiammal Koil Street guideline value

The current guideline value of Palandiammal Koil Street is Rs 2,725 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Palandiammal Koil Street has changed

The guideline value for Palandiammal Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 2,725 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 9% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam village, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, which is equal to the current guideline value of Palandiammal Koil Street.

• Pasumpon Nagar: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Ambedhkar Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Annai Indira Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Gandhi Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Marudhupandiar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Palandiammal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty, charged at 7%, would amount to Rs 1,90,750, while the registration fee at 2% would be Rs 54,500. The total cost for these fees would be Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Palandiammal Koil Street?

The Sub Registrar Office that covers Palandiammal Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Perumbakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Perumbakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted at a fair value as per government regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers and sellers must be aware of these values to ensure compliance with local laws and regulations.

Frequently asked questions

What is the current guideline value of Palandiammal Koil Street?

The current guideline value of Palandiammal Koil Street is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 in 2012 to Rs 1,675 in 2017, then increased to Rs 2,500 in 2023, and finally to Rs 2,725 in 2024. The register has no figures for the years 2002, 2003, and 2007.

What is the land classification for Palandiammal Koil Street?

Palandiammal Koil Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Palandiammal Koil Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,45,250.

Which office handles the registration for Palandiammal Koil Street?

The Selaiyur Sub Registrar Office handles the registration for Palandiammal Koil Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.