Guideline Value

Corporate

Guideline Value for PERIYAPALAYATHAMMAN KOIL 1st STREET

₹1100/sq.ft.

The guideline value for Periyapalayathamman Koil 1st Street in Karapakkam village (Neelankarai SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karapakkam

Village

Neelankarai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Periyapalayathamman Koil 1st Street

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PERIYAPALAYATHAMMAN KOIL 1st STREET guideline value

The current guideline value of PERIYAPALAYATHAMMAN KOIL 1st STREET is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of PERIYAPALAYATHAMMAN KOIL 1st STREET has changed

The guideline value for PERIYAPALAYATHAMMAN KOIL 1st STREET has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure was reduced to Rs 670 per sq.ft in 2017, marking a decrease of 33%. However, the value saw a significant increase to Rs 1,000 per sq.ft in 2023, followed by a further rise to Rs 1,100 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

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

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, indicating that the guideline value for PERIYAPALAYATHAMMAN KOIL 1st STREET is below this median.

Stamp duty and registration fee for property in PERIYAPALAYATHAMMAN KOIL 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERIYAPALAYATHAMMAN KOIL 1st STREET?

The Sub Registrar Office that covers PERIYAPALAYATHAMMAN KOIL 1st STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Karapakkam. It determines the minimum value at which properties can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in assessing the fair value of the property and ensures transparency in the transaction process.

Frequently asked questions

What is the current guideline value of PERIYAPALAYATHAMMAN KOIL 1st STREET?

The current guideline value of PERIYAPALAYATHAMMAN KOIL 1st STREET is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of PERIYAPALAYATHAMMAN KOIL 1st STREET?

PERIYAPALAYATHAMMAN KOIL 1st STREET is classified as Residential Class III Type - I.

What is the registration office for this street?

The registration office for PERIYAPALAYATHAMMAN KOIL 1st STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is 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. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.