Guideline Value for PALLAVAN STREET (WARD -5)

Pallavan Street (Ward -5) guideline value

The current guideline value of Pallavan Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Pallavan Street (Ward -5) has changed

The guideline value for Pallavan Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. Following this, the 2023 revision increased the value significantly to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kattankollatur

Kattankollatur village features a variety of guideline values across its 453 streets, with the 2024 figures ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for the village is Rs 1,100 per sq.ft, placing Pallavan Street above this median with its current value of Rs 1,320 per sq.ft.

• Palla Street (Ward -2): Rs 440 per sq.ft (2024)
• Palla Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 440 per sq.ft (2024)
• Pambaikal Street (Per): Rs 660 per sq.ft (2024)
• Pammal K. Sampanthar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Panankottur (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavan Street (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pallavan Street (Ward -5)?

The Sub Registrar Office that covers Pallavan Street (Ward -5) 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 additional information.

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

The guideline value plays a crucial role in property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers should be aware that the guideline value may differ from the sale price, and the duty is charged on whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the registration requirements. This value is updated periodically, reflecting changes in the market and local regulations.

Frequently asked questions

What is the current guideline value of Pallavan Street (Ward -5)?

The current guideline value of Pallavan Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with a decrease in 2017 to Rs 804 per sq.ft, followed by increases in subsequent years, reaching Rs 1,320 per sq.ft in 2024.

What is the land classification of Pallavan Street (Ward -5)?

Pallavan Street (Ward -5) is classified as Residential Special Type - V, indicating its designated use for residential purposes.

Where can I find other guideline values in Kattankollatur?

Other streets in Kattankollatur have varying guideline values, with rates ranging from Rs 440 to Rs 3,612 per sq.ft. You can refer to specific streets for their respective values.

What are the stamp duty and registration fees for property in Pallavan Street (Ward -5)?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,20,000, the total charges would amount to Rs 1,18,800.