Guideline Value for PERIA PALAYATHAMMAN KOIL STREET (WARD -9)

Peria Palayathamman Koil Street (Ward -9) guideline value

The current guideline value for Peria Palayathamman Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Peria Palayathamman Koil Street (Ward -9) has changed

The guideline value for Peria Palayathamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value dropped to Rs 335 per sq.ft. The next revision in 2023 increased the value to Rs 500 per sq.ft, and the most recent 2024 revision raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is a 10% increase. The 2017 to 2023 revision saw a significant increase of 49%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Peria Palayathamman Koil Street's value below this median.

• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)
• Perumal Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Palayathamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Padavattamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Peria Palayathamman Koil Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty, charged at 7%, would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, the total cost for these fees would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Peria Palayathamman Koil Street (Ward -9)?

The Sub Registrar Office that covers Peria Palayathamman Koil Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Goodaloor

The guideline value is a crucial factor when registering property transactions in Goodaloor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value helps determine the official value of the property, which is necessary for legal documentation and tax purposes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Peria Palayathamman Koil Street (Ward -9)?

The current guideline value for Peria Palayathamman Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for this street?

The guideline value has changed from Rs 500 per sq.ft in 2012, dropped to Rs 335 per sq.ft in 2017, increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Peria Palayathamman Koil Street?

Peria Palayathamman Koil Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property transactions here?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles the registration for this street?

The Chengleput Joint II Sub Registrar Office handles the registration for Peria Palayathamman Koil Street (Ward -9), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.