Guideline Value for PALASH

Palash guideline value

The current guideline value of Palash, located in Mettupalayam village under the Sunguvarchattram SRO, is Rs 500 per sq.ft. This value is effective from 1 July 2024 and falls under the Mixed Type - I land classification.

How the guideline value of Palash has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 500 per sq.ft. The latest 2024 revision has kept the guideline value at Rs 500 per sq.ft, indicating no change from the previous year. For the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Overall, from 2017 to 2024, the guideline value has increased by 49%. The change from 2017 to 2023 was also 49%, as the value did not change during that period.

Guideline values in Mettupalayam

Mettupalayam village has 45 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft. The median value is Rs 181 per sq.ft, placing Palash's 2024 figure above that median.

• PalliKooda Street: Rs 200 per sq.ft (2024)
• Palnallur Road: Rs 181 per sq.ft (2024)
• Palvaddi Street: Rs 181 per sq.ft (2024)
• Panruti Main Road: Rs 200 per sq.ft (2024)
• Peria Pallaiyathamman Street: Rs 181 per sq.ft (2024)
• Ragala Kanni Theru: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Palash

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Palash?

The Sub Registrar Office covering Palash is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Mettupalayam. It determines the amount of stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the transaction reflects a fair value for taxation purposes.

Frequently asked questions

What is the current guideline value of Palash?

The current guideline value of Palash is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Palash has remained at Rs 500 per sq.ft since the 2023 revision. It increased from Rs 335 per sq.ft in the 2017 revision, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Palash?

Palash falls under the Mixed Type - I land classification as per the current guidelines.

Where can I find the Sub Registrar Office for Palash?

The Sub Registrar Office for Palash is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property in Palash?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 500 per sq.ft would incur a total stamp duty and registration fee of Rs 45,000.