Guideline Value for PALLIKUDA ST

Pallikuda St guideline value

The current guideline value of Pallikuda St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Pallikuda St has changed

The guideline value for Pallikuda St has seen several revisions over the years. The register shows no figures for the years 2002, 2003, and 2007. In the 2012 revision, the guideline value was set at Rs 750 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 502 per sq.ft. This was followed by a significant increase in the 2023 revision, bringing the value back to Rs 750 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been no change in the guideline value.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value of Pallikuda St aligns with this median.

• Pallavaram Arumugam St: Rs 750 per sq.ft (2024)
• Palayakara Third Srteet: Rs 750 per sq.ft (2024)
• Palayakara Forth Street: Rs 750 per sq.ft (2024)
• Palayakara First Street: Rs 750 per sq.ft (2024)
• Palakara Second Street: Rs 750 per sq.ft (2024)
• Paramashivam Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikuda St

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallikuda St?

The Sub Registrar Office that covers Pallikuda St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Walajabad, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the official property valuation.

It is essential for buyers and sellers to understand that the guideline value is used to calculate the applicable fees, and it may influence the sale price agreed upon in the transaction. Therefore, being informed about the current guideline value is beneficial for all parties involved.

Frequently asked questions

What is the current guideline value of Pallikuda St?

The current guideline value of Pallikuda St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since 2012, with a decrease to Rs 502 per sq.ft in 2017, before returning to Rs 750 per sq.ft in 2023 and 2024.

What is the land classification of Pallikuda St?

Pallikuda St is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Pallikuda St?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 67,500, based on the guideline value of Rs 7,50,000.

Which office handles registrations for Pallikuda St?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, handles registrations for Pallikuda St.