Guideline Value for PALLAIKOODA CROSS ST, M.K.BHARATHI NAGAR

Pallaikooda Cross St, M.K.Bharathi Nagar guideline value

The current guideline value of Pallaikooda Cross St, M.K.Bharathi Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Pallaikooda Cross St, M.K.Bharathi Nagar has changed

The guideline value for Pallaikooda Cross St has seen several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then further rose to Rs 988 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the decrease from 2012 to 2017 was 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. The guideline value for Pallaikooda Cross St is equal to this median.

• Palla Street: Rs 988 per sq.ft (2024)
• Pallavan Steet Cholan Nagar: Rs 1,300 per sq.ft (2024)
• Pallavan Street Charless Nagar: Rs 1,300 per sq.ft (2024)
• Pallikooda 1st Street (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Pallikooda 2nd Street (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Pallikooda St: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pallaikooda Cross St, M.K.Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. The duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Pallaikooda Cross St, M.K.Bharathi Nagar?

The Sub Registrar Office that covers Pallaikooda Cross St, M.K.Bharathi Nagar 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 information.

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

The guideline value is a critical factor during the registration of property transactions in Thandurai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Pallaikooda Cross St?

The current guideline value of Pallaikooda Cross St, M.K.Bharathi Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 69,160, and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which office handles the registration for Pallaikooda Cross St?

The Avadi Sub Registrar Office handles the registration for Pallaikooda Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Pallaikooda Cross St?

Pallaikooda Cross St is classified as Residential Class II Type - I, which is important for understanding its usage and potential development.