Guideline Value for PALLA PETTAI (a) KAIKKOLAR PETTAI

PALLA PETTAI (a) KAIKKOLAR PETTAI guideline value

The current guideline value for PALLA PETTAI (a) KAIKKOLAR PETTAI is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Karunguzhi village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of PALLA PETTAI (a) KAIKKOLAR PETTAI has changed

The guideline value for PALLA PETTAI (a) KAIKKOLAR PETTAI has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, it dropped to Rs 201 per sq.ft in 2017. From 2017 to 2023, the value rose significantly to Rs 600 per sq.ft, and it has remained the same through the 2023 revision to the current 2024 figure.

Specifically, the revisions show a 100% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then surged by 199% from 2017 to 2023, and from 2023 to 2024, there was no change. The overall increase from the 2007 revision to the 2024 revision is 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karunguzhi

In Karunguzhi, there are 37 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 401 to Rs 1,000 per sq.ft. The median guideline value in this village is Rs 401 per sq.ft, placing PALLA PETTAI (a) KAIKKOLAR PETTAI above that median.

• Parvatha Rajagula Street: Rs 401 per sq.ft (2024)
• Ottha Vaadai Street: Rs 401 per sq.ft (2024)
• Pattai Street: Rs 401 per sq.ft (2024)
• Pavazhakkara Street: Rs 401 per sq.ft (2024)
• Old Post Office Street: Rs 401 per sq.ft (2024)
• North Pillayar Koil Street: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in PALLA PETTAI (a) KAIKKOLAR PETTAI

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PALLA PETTAI (a) KAIKKOLAR PETTAI?

The Sub Registrar Office covering PALLA PETTAI (a) KAIKKOLAR PETTAI is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karunguzhi. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes based on the property's worth as determined by the guideline value.

Frequently asked questions

What is the current guideline value of PALLA PETTAI (a) KAIKKOLAR PETTAI?

The current guideline value of PALLA PETTAI (a) KAIKKOLAR PETTAI is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 150 per sq.ft in 2007 to Rs 600 per sq.ft in 2024. The most significant increase occurred between 2017 and 2023, where it rose by 199%.

What is the median guideline value in Karunguzhi?

The median guideline value in Karunguzhi is Rs 401 per sq.ft, which is lower than the current value of PALLA PETTAI (a) KAIKKOLAR PETTAI.

Where is the Sub Registrar Office for PALLA PETTAI (a) KAIKKOLAR PETTAI located?

The Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.