Guideline Value for PALANI ANDAVAR KOIL STREET EXTENSION

Palani Andavar Koil Street Extension guideline value

The current guideline value of Palani Andavar Koil Street Extension is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Palani Andavar Koil Street Extension has changed

The guideline value for Palani Andavar Koil Street Extension has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 550 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a remarkable increase of 627%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 shows a substantial rise to Rs 4,300 per sq.ft, which is an increase of 60% from the 2017 figure.

Notably, there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 682%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Palani Andavar Koil Street Extension is above this median.

• Palani Andavar Koil Street: Rs 4,300 per sq.ft (2024)
• Palani Mudali Street: Rs 3,800 per sq.ft (2024)
• Palla 1st Street: Rs 4,300 per sq.ft (2024)
• Palla 2nd Street: Rs 3,200 per sq.ft (2024)
• Palla 3rd Street: Rs 3,200 per sq.ft (2024)
• Palla 4th Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Palani Andavar Koil Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Palani Andavar Koil Street Extension?

The Sub Registrar Office covering Palani Andavar Koil Street Extension is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perambur

The guideline value plays a crucial role in the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to assess the applicable duties. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Palani Andavar Koil Street Extension?

The current guideline value of Palani Andavar Koil Street Extension is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 550 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, which is an overall increase of 682% since 2007.

What are the other streets in Perambur with their guideline values?

Other streets in Perambur include Palani Mudali Street at Rs 3,800 per sq.ft, Palla 1st Street at Rs 4,300 per sq.ft, and Palla 2nd, 3rd, and 4th Streets at Rs 3,200 per sq.ft each in 2024.

What is the registration fee for property transactions in this area?

The registration fee is calculated at 2% of the guideline value. For example, a property valued at Rs 43,00,000 would incur a registration fee of Rs 86,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Palani Andavar Koil Street Extension is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.