Guideline Value for PALAYAMMAN KOIL STREET

Palayamman Koil Street guideline value

The current guideline value for Palayamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Palayamman Koil Street has changed

The guideline value for Palayamman Koil Street has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 2,000 per sq.ft, which increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

Prior to the 2023 revision, there were no available figures for the street in the register for the years mentioned. The 2024 revision reflects a significant adjustment in the guideline value, aligning it with the median value of Rs 2,200 per sq.ft for the village.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village under the Neelankarai SRO, there are a total of 754 streets carrying a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value for Palayamman Koil Street.

• Palm Garden (Near Ecr): Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 10th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 11th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 12th Street: Rs 3,300 per sq.ft (2024)
• Panaiyur Kuppam 13th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Palayamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Palayamman Koil Street?

The Sub Registrar Office that covers Palayamman Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. This helps maintain transparency and ensures that the correct fees are collected based on the established values.

Frequently asked questions

What is the current guideline value for Palayamman Koil Street?

The current guideline value for Palayamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What was the guideline value for Palayamman Koil Street in 2023?

In 2023, the guideline value for Palayamman Koil Street was Rs 2,000 per sq.ft.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased by 10% from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024.

Which office handles registrations for Palayamman Koil Street?

The Neelankarai Sub Registrar Office handles registrations for Palayamman Koil Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is the same as the current guideline value for Palayamman Koil Street.