Guideline Value for PALLAVAN STEET CHOLAN NAGAR

Pallavan Steet Cholan Nagar guideline value

The current guideline value of Pallavan Steet Cholan Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO and is classified as Residential Special Type - III.

How the guideline value of Pallavan Steet Cholan Nagar has changed

The guideline value for Pallavan Steet Cholan Nagar has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, in 2023, the value increased to Rs 1,200 per sq.ft, and in the latest 2024 revision, it rose again to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

Between the revisions, the value increased significantly from 2017 to 2023 by 49%, and overall, from 2012 to 2024, there has been an 8% increase. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007.

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. The median value for these streets is Rs 988 per sq.ft, making the current value of Pallavan Steet Cholan Nagar above the median.

• 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)
• Palla Street: Rs 988 per sq.ft (2024)
• Pallaikooda Cross St, M.K.Bharathi Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavan Steet Cholan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pallavan Steet Cholan Nagar?

The Sub Registrar Office that covers Pallavan Steet Cholan 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 an essential factor when registering property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as per government regulations. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Pallavan Steet Cholan Nagar?

The current guideline value of Pallavan Steet Cholan Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Pallavan Steet Cholan Nagar?

Pallavan Steet Cholan Nagar is classified as Residential Special Type - III.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.

Which office handles property registration for Pallavan Steet Cholan Nagar?

The Avadi Sub Registrar Office handles property registration for Pallavan Steet Cholan Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.