Guideline Value for PERIYAPALAYATHAMMAN KOIL STREET

Periyapalayathamman Koil Street guideline value

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

How the guideline value of Periyapalayathamman Koil Street has changed

The guideline value for Periyapalayathamman Koil Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,100 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%, followed by a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 120%. The fluctuations reflect various market conditions and adjustments made by the authorities.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,700 per sq.ft in 2024. The median guideline value for these streets is Rs 1,700 per sq.ft, making the value of Periyapalayathamman Koil Street below that median.

• PERIYAPALAYATHAMMAN KOIL 1st STREET: Rs 1,100 per sq.ft (2024)
• Periyakenikulam Road: Rs 1,100 per sq.ft (2024)
• P.E.Ramakrishnan Garden: Rs 2,200 per sq.ft (2024)
• Periyar Street: Rs 1,100 per sq.ft (2024)
• Perumal Street: Rs 1,700 per sq.ft (2024)
• P.E.Shankar Garden: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyapalayathamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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, totaling Rs 99,000. 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 Periyapalayathamman Koil Street?

The Sub Registrar Office that covers Periyapalayathamman Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Karapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps to establish a fair transaction price. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Periyapalayathamman Koil Street?

The current guideline value of Periyapalayathamman Koil 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 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the median guideline value in Karapakkam?

The median guideline value for streets in Karapakkam is Rs 1,700 per sq.ft, which is higher than the value of Periyapalayathamman Koil Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.