Guideline Value for PALLIKOODA STREET

Pallikooda Street guideline value

The current guideline value of Pallikooda Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class III Type - III.

How the guideline value of Pallikooda Street has changed

In the 2017 revision, the guideline value for Pallikooda Street was Rs 268 per sq.ft. This figure increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Pallikooda Street's 2024 figure below that median.

• Palla Street: Rs 770 per sq.ft (2024)
• Palla Karuneegar St: Rs 440 per sq.ft (2024)
• Palavedu Road: Rs 770 per sq.ft (2024)
• Palaru Kinaru Street: Rs 440 per sq.ft (2024)
• Palaniyappa Nagar: Rs 870 per sq.ft (2024)
• Parvathy Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikooda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total fees together Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pallikooda Street?

The Sub Registrar Office that covers Pallikooda Street 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 Thiruninravur-B

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is utilized for calculating the applicable charges. This ensures that the registration fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Pallikooda Street?

The current guideline value of Pallikooda Street is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%, rising from Rs 268 per sq.ft to Rs 440 per sq.ft.

What is the stamp duty rate for property in Pallikooda Street?

The stamp duty rate for property in Pallikooda Street is 7% of the guideline value or the sale price, whichever is higher.

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

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

What are the guideline values of other streets in Thiruninravur-B?

Other streets in Thiruninravur-B have varying guideline values. For example, Palla Street has a guideline value of Rs 770 per sq.ft, while Palla Karuneegar St and Palaru Kinaru Street both have values of Rs 440 per sq.ft.