Guideline Value for PALLIKOODA ST

Pallikooda St guideline value

The current guideline value of Pallikooda St in Thandurai village under the Avadi SRO is Rs 1,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Pallikooda St has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This value decreased significantly to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased to Rs 1,200 per sq.ft in the 2023 revision, before rising again to the current rate of Rs 1,300 per sq.ft in the 2024 revision, representing an increase of 8% from the previous year.

From the 2017 revision to the 2023 revision, the guideline value saw a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, there has been an increase of 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 Pallikooda St's 2024 figure above that median.

• Pallikooda 2nd Street (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Pallikooda 1st Street (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Pallavan Street Charless Nagar: Rs 1,300 per sq.ft (2024)
• Pallavan Steet Cholan Nagar: 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 Pallikooda St

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pallikooda St?

The Sub Registrar Office that covers 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Thandurai. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when acquiring property.

When a property is sold, the guideline value is used to determine the minimum value on which these fees are based. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pallikooda St?

The current guideline value of Pallikooda St 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 seen several revisions, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 8%.

What is the land classification for Pallikooda St?

Pallikooda St is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

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

The Sub Registrar Office for Pallikooda St 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 property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.