Guideline Value for PAPPATHI AMMAL STREET

Pappathi Ammal Street guideline value

The current guideline value of Pappathi Ammal Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of Pappathi Ammal Street has changed

The guideline value for Pappathi Ammal Street has undergone several revisions over the years. The earliest recorded figure is from 2007, set at Rs 1,760 per sq.ft. This value increased significantly to Rs 5,800 per sq.ft in 2012, marking a 230% rise. However, it then decreased to Rs 3,886 per sq.ft in 2017, reflecting a 33% drop. The value surged again to Rs 5,800 per sq.ft in 2023, and finally, it reached the current figure of Rs 6,300 per sq.ft in 2024, which is a 9% increase from the previous year.

The register has no figures for Pappathi Ammal Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 258%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Pappathi Ammal Street's 2024 figure above this median.

• Parameswari Colony: Rs 5,800 per sq.ft (2024)
• Parangusapuram Street: Rs 7,100 per sq.ft (2024)
• Panduranga Colony: Rs 5,000 per sq.ft (2024)
• Pandian Avenue: Rs 6,300 per sq.ft (2024)
• Pari Street: Rs 5,000 per sq.ft (2024)
• Park View Road: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pappathi Ammal Street

For a 1,000 sq.ft plot at the current rate of Rs 6,300 per sq.ft, the guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, totaling Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pappathi Ammal Street?

The Sub Registrar Office that covers Pappathi Ammal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Pappathi Ammal Street?

The current guideline value of Pappathi Ammal Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,760 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of 258% over the years.

What is the land classification for Pappathi Ammal Street?

Pappathi Ammal Street is classified as Residential Special Type - III under the Kodambakkam SRO.

Where can I find the registration office for Pappathi Ammal Street?

The registration office for Pappathi Ammal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 63,00,000, the total stamp duty and registration fees would amount to Rs 5,67,000, which includes Rs 4,41,000 for stamp duty and Rs 1,26,000 for registration fees.