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Guideline Value

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Guideline Value for PALLIKOODA 2ND STREET (M.T.H.ROAD SOUTHERN SIDE)

₹988/sq.ft.

The guideline value for Pallikooda 2nd Street (m.t.h.road Southern Side) in Thandurai village (Avadi SRO, Chennai zone) is Rs 988 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹988 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pallikooda 2nd Street (m.t.h.road Southern Side)

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Pallikooda 2nd Street (M.T.H.Road Southern Side) guideline value

The current guideline value of Pallikooda 2nd Street (M.T.H.Road Southern Side) is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pallikooda 2nd Street (M.T.H.Road Southern Side) has changed

The guideline value for Pallikooda 2nd Street has undergone several changes over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value significantly increased to Rs 900 per sq.ft in 2023, and finally rose to Rs 988 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, the value saw a 49% increase from 2017 to 2023. Overall, from 2012 to 2024, the guideline value increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, 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 is Rs 988 per sq.ft, which is equal to the current guideline value of Pallikooda 2nd Street.

Stamp duty and registration fee for property in Pallikooda 2nd Street (M.T.H.Road Southern Side)

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, making the total cost for these fees Rs 88,920. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pallikooda 2nd Street (M.T.H.Road Southern Side)?

The Sub Registrar Office that covers Pallikooda 2nd Street 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 critical component in the registration process for property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pallikooda 2nd Street?

The current guideline value of Pallikooda 2nd Street (M.T.H.Road Southern Side) is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 in 2012 to Rs 603 in 2017, then to Rs 900 in 2023, and finally to Rs 988 in 2024. This reflects a significant increase from 2017 to 2023 and a smaller increase from 2023 to 2024.

What is the land classification for Pallikooda 2nd Street?

The land classification for Pallikooda 2nd Street is Residential Class II Type - I. This classification is important for determining the guidelines and regulations applicable to property in this area.

Where can I find the Sub Registrar Office for Pallikooda 2nd Street?

The Sub Registrar Office for Pallikooda 2nd Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,88,000, the stamp duty at 7% would be Rs 69,160.