Guideline Value for PAZHANDIAMMAN KOIL STREET

Pazhandiamman Koil Street guideline value

The current guideline value of Pazhandiamman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village, under the Selaiyur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Pazhandiamman Koil Street has changed

The guideline value for Pazhandiamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision further raised it to Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 8%.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with a median value of Rs 2,100 per sq.ft. Pazhandiamman Koil Street's 2024 figure is below this median.

• Perumal Koil Street: Rs 1,300 per sq.ft (2024)
• Perumal Nagar Road: Rs 1,650 per sq.ft (2024)
• Perumbakkam Koil Street: Rs 2,100 per sq.ft (2024)
• Perumbakkam Salai Street: Rs 2,100 per sq.ft (2024)
• Palvadi Palli Road: Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pazhandiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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, making the total cost for these fees Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pazhandiamman Koil Street?

The Pazhandiamman Koil Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Arasankalani. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the registration process is conducted fairly and transparently.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that all parties are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Pazhandiamman Koil Street?

The current guideline value of Pazhandiamman Koil Street 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Pazhandiamman Koil Street?

Pazhandiamman Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Pazhandiamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,300 per sq.ft incurs a total guideline value of Rs 13,00,000, leading to a stamp duty of Rs 91,000.