Guideline Value for PALLAVAN KUDI IRUPPU VIA 1 ST STREET

Pallavan Kudi Iruppu Via 1 St Street guideline value

The current guideline value for Pallavan Kudi Iruppu Via 1 St Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Pallavan Kudi Iruppu Via 1 St Street has changed

The guideline value for Pallavan Kudi Iruppu Via 1 St Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,500 per sq.ft, which decreased to Rs 2,345 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 3,500 per sq.ft. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the figures from 2012 to 2024, there has been a total increase of 11% in the guideline value.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, and Pallavan Kudi Iruppu Via 1 St Street's 2024 figure is above this median.

• PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET: Rs 3,900 per sq.ft (2024)
• Pallavan Nagar & P.T.C.Quarters: Rs 3,900 per sq.ft (2024)
• Pallavan Street: Rs 3,300 per sq.ft (2024)
• Palmera Garden: Rs 1,700 per sq.ft (2024)
• Pamban Baba Nagar: Rs 2,200 per sq.ft (2024)
• Panchayat Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavan Kudi Iruppu Via 1 St Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallavan Kudi Iruppu Via 1 St Street?

The Sub Registrar Office that covers Pallavan Kudi Iruppu Via 1 St Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on a standardized value.

When buying or selling property, the guideline value is used to assess the legal value of the property, which is critical for both buyers and sellers. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Pallavan Kudi Iruppu Via 1 St Street?

The current guideline value for Pallavan Kudi Iruppu Via 1 St Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024. This shows significant changes over the years.

What is the land classification for this area?

The land classification for Pallavan Kudi Iruppu Via 1 St Street is Residential Class I Type - II. This classification indicates the type of development permitted in the area.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. This office handles property registrations for the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at 7%.