Guideline Value for PALLIKOODA ST

Pallikooda St guideline value

The current guideline value of Pallikooda St is Rs 802 per sq.ft, effective from 1 July 2024. This street is located in Mukthapudupattu village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Pallikooda St has changed

The guideline value for Pallikooda St has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. Following this, the value remained unchanged at Rs 400 per sq.ft in 2023. The most significant change occurred in 2024, where the value increased to Rs 802 per sq.ft, marking a 101% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 34%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Mukthapudupattu

Mukthapudupattu village has a total of 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft. The median value for these streets is Rs 802 per sq.ft, which is also the current value for Pallikooda St.

• Periyar Nagar & Streets: Rs 804 per sq.ft (2024)
• N.M.Nagar: Rs 802 per sq.ft (2024)
• Pillaiyar Koil St: Rs 800 per sq.ft (2024)
• Police Station & 2nd St: Rs 804 per sq.ft (2024)
• Police Station Road: Rs 802 per sq.ft (2024)
• Nadu Street(Center St): Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikooda St

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, while the registration fee at 2% would be Rs 16,040. Together, the total cost for these fees would be Rs 72,180. 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 details.

Which Sub Registrar Office covers Pallikooda St?

The Sub Registrar Office covering Pallikooda St 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 Mukthapudupattu

The guideline value plays a crucial role during the registration of property transactions in Mukthapudupattu. It is used to determine the stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is recorded accurately in the official register.

When purchasing or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Pallikooda St?

The current guideline value of Pallikooda St is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 802 per sq.ft in 2024, with various revisions in between, including a significant increase of 101% from 2023 to 2024.

What is the land classification for Pallikooda St?

Pallikooda St is classified as Residential Class II Type - II, indicating its use for residential purposes.

Where can I find the registration office for Pallikooda St?

The registration office for Pallikooda St is the Avadi Sub Registrar Office, 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 Pallikooda St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 8,02,000 would incur a stamp duty of Rs 56,140 at a rate of 7%.