Guideline Value for PERIYA KOVILAMBAKKAM 1 TO 5 STREETS

Periya Kovilambakkam 1 To 5 Streets guideline value

The current guideline value for Periya Kovilambakkam 1 To 5 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village under the Pallavaram SRO, and it is classified as Residential Class I Type - I.

How the guideline value of Periya Kovilambakkam 1 To 5 Streets has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the value increased by 10% to Rs 2,750 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value is Rs 2,750 per sq.ft, which is equal to the guideline value for Periya Kovilambakkam 1 To 5 Streets.

• Periakovilambakkam Main Road: Rs 2,530 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,750 per sq.ft (2024)
• Ponniamman Colony: Rs 2,750 per sq.ft (2024)
• Ponniamman Koil Street: Rs 2,750 per sq.ft (2024)
• Pooniamman Nagar 1 To 12 Main Road: Rs 2,530 per sq.ft (2024)
• Rajam Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Kovilambakkam 1 To 5 Streets

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 details.

Which Sub Registrar Office covers Periya Kovilambakkam 1 To 5 Streets?

The Sub Registrar Office that covers Periya Kovilambakkam 1 To 5 Streets 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 S. Kullathur

The guideline value serves as a benchmark for property transactions in S. Kullathur. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value for Periya Kovilambakkam 1 To 5 Streets?

The current guideline value for Periya Kovilambakkam 1 To 5 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, and it increased to Rs 2,750 per sq.ft in the 2024 revision, marking a 10% increase overall from 2012 to 2024.

What is the land classification for Periya Kovilambakkam 1 To 5 Streets?

Periya Kovilambakkam 1 To 5 Streets is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Periya Kovilambakkam 1 To 5 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.