Guideline Value for PALAYATHAMMAN KOIL STREET (WARD -9)

Palayathamman Koil Street (Ward -9) guideline value

The current guideline value of Palayathamman Koil Street (Ward -9) is Rs 551 per sq.ft. This street is located in Kadampur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Palayathamman Koil Street (Ward -9) has changed

The guideline value for Palayathamman Koil Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the latest revision in 2024 set it at Rs 551 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is +10%. The changes from 2017 to 2023 reflect a significant increase of 49%, while the adjustment from 2012 to 2017 shows a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,200 per sq.ft. The median value is Rs 551 per sq.ft, which is equal to the current guideline value of Palayathamman Koil Street.

• Padavattamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)
• Peria Palayathamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Perumal Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Palayathamman Koil Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, totaling Rs 49,590. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Palayathamman Koil Street (Ward -9)?

The Sub Registrar Office that covers Palayathamman Koil Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kadampur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Palayathamman Koil Street?

The current guideline value of Palayathamman Koil Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification for Palayathamman Koil Street?

The land classification for Palayathamman Koil Street (Ward -9) is Residential Class I Type - I.

Which office handles registrations for this street?

The Chengleput Joint II Sub Registrar Office handles registrations for Palayathamman Koil Street (Ward -9), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kadampur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,51,000, the stamp duty would be Rs 38,570 at 7%.