Guideline Value for PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET

PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET guideline value

The current guideline value of PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET has changed

Over the years, the guideline value for PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET has seen several revisions. The 2012 revision recorded a guideline value of Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,500 per sq.ft in 2023, and then to Rs 3,900 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From the 2017 revision to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been an 11% increase in the guideline value. It is important to note that the register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the guideline value for PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET above the median.

• Pallavan Kudi Iruppu Via 1 St 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 2nd STREET 3rd 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 cost for these fees to Rs 3,51,000. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET?

The PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET is covered by 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 information.

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

The guideline value is essential during property transactions in Okkiyamthuraipakkam, as it serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration norms and to avoid any legal issues.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET?

The current guideline value of PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd 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 2023 to Rs 3,900 per sq.ft in 2024, marking an 11% increase. It was Rs 2,345 per sq.ft in 2017, which was a 49% increase from Rs 3,500 per sq.ft in 2012.

What is the land classification for PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET?

PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET is classified as Residential Class I Type - II.

What are the registration fees for properties in this area?

The registration fees are calculated based on the guideline value, which is Rs 3,900 per sq.ft for this street. For a 1,000 sq.ft plot, the total guideline value would be Rs 39,00,000, with stamp duty at 7% and registration fee at 2%.

Where can I find the Sub Registrar Office for this street?

The Neelankarai Sub Registrar Office covers PALLAVAN KUDI IRUPPU VIA 2nd STREET 3rd STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.