Guideline Value for PATCHIYAMMAN KOVIL STREET

Patchiyamman Kovil Street guideline value

The current guideline value of Patchiyamman Kovil Street is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Patchiyamman Kovil Street has changed

The guideline value for Patchiyamman Kovil Street has seen significant changes over the years. The 2017 revision set the value at Rs 50 per sq.ft. This figure remained until the 2023 revision, which increased it to Rs 100 per sq.ft, marking a 100% increase. The 2024 revision further raised the value to Rs 101 per sq.ft, a 1% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 102%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value is Rs 101 per sq.ft, which is equal to the 2024 figure for Patchiyamman Kovil Street.

• Perumalkoil Street: Rs 400 per sq.ft (2024)
• Palayar Perumal Kovil Street: Rs 350 per sq.ft (2024)
• Palaiyur Madam Cross Street: Rs 350 per sq.ft (2024)
• Palaiyur Madam C.R.Kalathumedu Street: Rs 350 per sq.ft (2024)
• Palaiyarmadam Road: Rs 350 per sq.ft (2024)
• Palaiyar Madam Mandaba Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Patchiyamman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 101 per sq.ft, the guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, totaling Rs 9,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Patchiyamman Kovil Street?

The Sub Registrar Office that covers Patchiyamman Kovil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor when buying or selling property in Cheyyur - A. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Patchiyamman Kovil Street?

The current guideline value of Patchiyamman Kovil Street is Rs 101 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2017 to Rs 101 per sq.ft in 2024, marking an overall increase of 102% during this period.

What are the stamp duty and registration fees for property in Patchiyamman Kovil Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 9,090, based on the current guideline value of Rs 1,01,000.

Which office handles the registration for Patchiyamman Kovil Street?

The Cheyyur Sub Registrar Office handles the registration for Patchiyamman Kovil Street, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

What is the land classification for Patchiyamman Kovil Street?

Patchiyamman Kovil Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.