Guideline Value for PEETHAMBARAM STREET

Peethambaram Street guideline value

The current guideline value of Peethambaram Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Peethambaram Street has changed

The guideline value for Peethambaram Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the 2023 revision of Rs 3,000 per sq.ft. Prior to this, the 2012 revision also recorded the value at Rs 3,000 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This consistent valuation reflects the stability in the pricing for this street over the years.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which matches the current value of Peethambaram Street.

• Periyapalayathamman Koil Street: Rs 2,160 per sq.ft (2024)
• Perumal Koil Street & Extn.: Rs 3,300 per sq.ft (2024)
• Parameswaran Street: Rs 2,160 per sq.ft (2024)
• Perumal Nagar: Rs 2,750 per sq.ft (2024)
• Perumal Nagar 5th Main Road: Rs 2,750 per sq.ft (2024)
• Perumal Nagar Ext: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Peethambaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Peethambaram Street?

The Sub Registrar Office that covers Peethambaram Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When buying or selling property, the guideline value must be considered as it affects the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Peethambaram Street?

The current guideline value of Peethambaram Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 3,000 per sq.ft from 2012 to 2023, with a 10% increase to Rs 3,300 per sq.ft in 2024.

What is the land classification for Peethambaram Street?

Peethambaram Street is classified as Residential Class I Type - II under the Pallavaram SRO.

Where can I find the Sub Registrar Office for Peethambaram Street?

The Sub Registrar Office for Peethambaram Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

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. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.