Guideline Value for PALLA KARUNEEGAR ST

Palla Karuneegar St guideline value

The current guideline value of Palla Karuneegar St is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in the village of Thiruninravur-A, under the Avadi SRO, and is classified as Residential Class III Type - III.

How the guideline value of Palla Karuneegar St has changed

The guideline value for Palla Karuneegar St has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, up from Rs 400 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 268 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Palla Karuneegar St's guideline value of Rs 440 per sq.ft is below this median.

• Palla Street: Rs 750 per sq.ft (2024)
• Palavedu Road: Rs 750 per sq.ft (2024)
• Palaru Kinaru Street: Rs 440 per sq.ft (2024)
• Palaniyappa Nagar: Rs 840 per sq.ft (2024)
• Pallikooda Street: Rs 440 per sq.ft (2024)
• Pachaiyamman Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Palla Karuneegar St

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800. Together, these fees total Rs 39,600. It is important to note that 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 information.

Which Sub Registrar Office covers Palla Karuneegar St?

The Sub Registrar Office covering Palla Karuneegar St 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 details.

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

The guideline value is a critical factor in the registration process for property transactions in Thiruninravur-A. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers to be aware of the guideline value to understand the costs associated with the transaction, including stamp duty and registration fees, which are calculated based on this value.

Frequently asked questions

What is the current guideline value of Palla Karuneegar St?

The current guideline value of Palla Karuneegar St 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 by 64%, from Rs 268 per sq.ft to Rs 440 per sq.ft as of the 2024 revision.

What is the land classification of Palla Karuneegar St?

Palla Karuneegar St is classified as Residential Class III Type - III.

Where can I find the registration office for Palla Karuneegar St?

The registration office for Palla Karuneegar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the higher of the guideline value or the sale price of the property. Additionally, a registration fee of 2% is charged based on the same value.