Guideline Value for PALLAVAN STREET CHARLESS NAGAR

Pallavan Street Charless Nagar guideline value

The current guideline value of Pallavan Street Charless Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO, with a land classification of Residential Special Type - III.

How the guideline value of Pallavan Street Charless Nagar has changed

The guideline value for Pallavan Street Charless Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then revised to Rs 804 per sq.ft in 2017. This was a decrease of 33%. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in the 2024 revision, marking an increase of 8% from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that the register has no figures for this street in 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, placing Pallavan Street Charless Nagar's 2024 figure above this median.

• Pallavan Steet Cholan 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 Street Charless Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to 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 or the sale price.

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

Which Sub Registrar Office covers Pallavan Street Charless Nagar?

The Sub Registrar Office that covers Pallavan Street Charless Nagar is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the registration fees are aligned with the prevailing market conditions, thus providing a fair basis for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Pallavan Street Charless Nagar?

The current guideline value of Pallavan Street Charless 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 2023 to Rs 1,300 per sq.ft in 2024, reflecting an increase of 8%. It was Rs 804 per sq.ft in 2017, which shows a significant increase of 49% to the 2023 figure.

What is the land classification for Pallavan Street Charless Nagar?

The land classification for Pallavan Street Charless Nagar is Residential Special Type - III, indicating its designated use for residential purposes.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.