Guideline Value for PALANI ANDAVAR KOIL STREET

Palani Andavar Koil Street guideline value

The current guideline value of Palani Andavar Koil Street is Rs 4,300 per sq.ft. 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 has changed

The guideline value for Palani Andavar Koil Street has seen significant changes over the years. Starting from Rs 435 per sq.ft in 2002, it increased to Rs 477 in 2003, marking a 10% rise. By 2007, the value surged to Rs 550, a 15% increase. The next revision in 2012 saw a substantial jump to Rs 4,000, reflecting a remarkable 627% increase. However, from 2012 to 2017, the value decreased to Rs 2,680, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 4,300, representing a 60% increase from 2017.

Overall, from 2002 to 2024, the guideline value has increased by 889%. Notably, there is no figure available for the year 2023 in the register for this street.

Guideline values in Perambur

In Perambur, the guideline values vary significantly, with figures ranging from Rs 1,600 to Rs 7,100 per sq.ft as of 2024. The median value for the area is Rs 2,700 per sq.ft, positioning Palani Andavar Koil Street above this median.

• Palani Andavar Koil Street Extension: 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

For a 1,000 sq.ft plot at the current rate of Rs 4,300 per sq.ft, the guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, totaling Rs 3,87,000. It is important to 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 Palani Andavar Koil Street?

The Sub Registrar Office that covers Palani Andavar Koil Street 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 is an essential factor when buying or selling property in Perambur, as it determines the minimum value at which a property can be registered. Buyers must pay stamp duty and registration fees based on this value, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value helps in calculating the tax liabilities for both the buyer and the seller. It serves as a benchmark for property transactions in the area, ensuring transparency and fairness in the registration process.

Frequently asked questions

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

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

How much has the guideline value changed since 2002?

Since 2002, the guideline value of Palani Andavar Koil Street has increased by 889%, from Rs 435 per sq.ft to Rs 4,300 per sq.ft in 2024.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 43,00,000, the total fees would amount to Rs 3,87,000.

Which SRO covers Palani Andavar Koil Street?

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

Are there other streets with similar guideline values?

Yes, there are other streets in Perambur with varying guideline values. For instance, Palani Andavar Koil Street Extension and Palla 1st Street both have a guideline value of Rs 4,300 per sq.ft as of 2024.