Guideline Value for PALLAR STREET

Pallar Street guideline value

The current guideline value of Pallar Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Pallar Street has changed

The guideline value for Pallar Street has undergone several revisions over the years. In the 2012 revision, the value was Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. Subsequently, the 2023 revision marked a significant increase to Rs 500 per sq.ft, followed by another increase to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

From 2012 to 2017, there was a notable decline of 33%, but from 2017 to 2023, the value surged by 49%. Overall, comparing the 2012 and 2024 revisions, 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 Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value in this village is Rs 660 per sq.ft, placing Pallar Street's current value below this median.

• Om Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• Periyar Nagar 1st Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 2nd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 2st Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 3rd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 3st Cross Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Pallar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallar Street?

The Sub Registrar Office that covers Pallar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Thirukkachur - 1, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value influences the stamp duty and registration fees payable during the transaction process.

When purchasing property, it is essential to consider the guideline value as it ensures compliance with local regulations. This value serves as a benchmark for assessing the worth of a property, thereby facilitating a transparent transaction between parties.

Frequently asked questions

What is the current guideline value of Pallar Street?

The current guideline value of Pallar Street is Rs 550 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 550 per sq.ft in 2024.

What is the median guideline value in Thirukkachur - 1?

The median guideline value in Thirukkachur - 1 is Rs 660 per sq.ft, while Pallar Street's current value is below this median.

What are the stamp duty and registration fees for Pallar Street?

For a 1,000 sq.ft plot on Pallar Street, the total guideline value is Rs 5,50,000. The stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Pallar Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Pallar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.