Guideline Value for PALARU KINARU STREET

Palaru Kinaru Street guideline value

The current guideline value of Palaru Kinaru Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village and falls under the Avadi SRO. It is classified as Residential Class III Type - III.

How the guideline value of Palaru Kinaru Street has changed

The guideline value for Palaru Kinaru Street has undergone several revisions since 2017. In 2017, the guideline value was Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, making the 2024 value for Palaru Kinaru Street below this median.

• Palavedu Road: Rs 770 per sq.ft (2024)
• Palaniyappa Nagar: Rs 870 per sq.ft (2024)
• Palla Karuneegar St: Rs 440 per sq.ft (2024)
• Palla Street: Rs 770 per sq.ft (2024)
• Pallikooda Street: Rs 440 per sq.ft (2024)
• Pachaiyamman Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Palaru Kinaru Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Palaru Kinaru Street?

The Sub Registrar Office that covers Palaru Kinaru Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role during property registration in Thiruninravur-B. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Palaru Kinaru Street?

The current guideline value of Palaru Kinaru Street is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024, marking an overall increase of 64%.

What is the median guideline value in Thiruninravur-B?

The median guideline value in Thiruninravur-B is Rs 770 per sq.ft, which is higher than the current value of Palaru Kinaru Street.

What are the stamp duty and registration fees for a property in Palaru Kinaru Street?

For a 1,000 sq.ft plot at the guideline value of Rs 440 per sq.ft, the total stamp duty and registration fees would amount to Rs 39,600.

Where is the Sub Registrar Office for Palaru Kinaru Street located?

The Sub Registrar Office for Palaru Kinaru Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.