Guideline Value for PALLAVAR MEDU

Pallavar Medu guideline value

The current guideline value for Pallavar Medu is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under KANCHIPURAM TOWN 3rd DIVISION, governed by the Kanchipuram Joint II SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Pallavar Medu has changed

The guideline value of Pallavar Medu has seen several revisions over the years. In 2003, the rate was Rs 149 per sq.ft, which increased to Rs 250 per sq.ft in 2007, marking a significant rise of 68%. The value then surged to Rs 1,200 per sq.ft in 2012, a remarkable increase of 380%. However, it dropped to Rs 804 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 1,200 per sq.ft, which was then raised to Rs 1,320 per sq.ft in 2024, a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 786%. The register has no figure for the year 2002 for this street.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the current guideline value for Pallavar Medu.

• Okkapiranthan Kulam Street: Rs 1,320 per sq.ft (2024)
• Okkapiranthan Kulam Pudhu Street: Rs 1,320 per sq.ft (2024)
• Pillaiyar Palayam Nadu Street: Rs 1,320 per sq.ft (2024)
• Nellukkara Street: Rs 5,500 per sq.ft (2024)
• Pudupalaya Street: Rs 1,320 per sq.ft (2024)
• Putheri Street (Or) Sangeetha Vithvan Neinapillai Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavar Medu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallavar Medu?

The Sub Registrar Office that covers Pallavar Medu is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor in the registration process when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded at a value that reflects the prevailing market conditions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are documented accurately and transparently, adhering to the regulations set by the registration department.

Frequently asked questions

What is the current guideline value of Pallavar Medu?

The current guideline value of Pallavar Medu is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 149 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 786% over this period.

What are the stamp duty and registration fees for property in Pallavar Medu?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Pallavar Medu?

The Kanchipuram Joint II Sub Registrar Office handles registrations for Pallavar Medu, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification for Pallavar Medu?

Pallavar Medu is classified as Residential Class II Type - I, which indicates its designation for residential use.