Guideline Value for PALLATHERU

Pallatheru guideline value

The current guideline value of Pallatheru, located in Azhakoor village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under Residential Class IV Type - I land classification.

How the guideline value of Pallatheru has changed

The guideline value for Pallatheru has seen significant changes over the years. In 2012, the value was Rs 80 per sq.ft, which then decreased to Rs 54 per sq.ft in 2017. Following this, the value rose to Rs 100 per sq.ft in 2023, and most recently, it has increased to Rs 250 per sq.ft in 2024, marking a substantial rise of 150% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 213%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Azhakoor

Azhakoor village has 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 350 per sq.ft, with a median value of Rs 225 per sq.ft. The guideline value for Pallatheru is above this median.

• Padasalai Street: Rs 160 per sq.ft (2024)
• Perumal Koil Street: Rs 175 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)
• Rathinapuram: Rs 300 per sq.ft (2024)
• Sbi Colony: Rs 350 per sq.ft (2024)
• Sri Azhagar Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Pallatheru

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Pallatheru?

The Sub Registrar Office that covers Pallatheru is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Azhakoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the necessary fees, ensuring that the transaction is compliant with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Pallatheru?

The current guideline value of Pallatheru is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 250 per sq.ft in 2024, with fluctuations in between, including a decrease to Rs 54 per sq.ft in 2017.

What is the land classification of Pallatheru?

Pallatheru falls under the Residential Class IV Type - I land classification.

What is the stamp duty rate for property in Pallatheru?

The stamp duty rate for property transactions in Pallatheru is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pallatheru?

The Sub Registrar Office for Pallatheru is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.