Guideline Value for PILLAI PALIYAM STREET

Pillai Paliyam Street guideline value

The current guideline value of Pillai Paliyam Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village under the Pallipattu SRO, classified as Residential Class I Type - I.

How the guideline value of Pillai Paliyam Street has changed

The guideline value for Pillai Paliyam Street has seen several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which was then increased to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintains this value at Rs 250 per sq.ft, showing no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. Notably, there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is equal to the current guideline value of Pillai Paliyam Street.

• Ponniyamman Koil Street: Rs 250 per sq.ft (2024)
• Puduur Village: Rs 202 per sq.ft (2024)
• Ootha Vadai Street: Rs 250 per sq.ft (2024)
• Ranga Nadhar Street: Rs 250 per sq.ft (2024)
• Nalla Thaneer Kuzham Street: Rs 250 per sq.ft (2024)
• Nalla Thaneer Kulam Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Pillai Paliyam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillai Paliyam Street?

The Sub Registrar Office covering Pillai Paliyam Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Podaturpet. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps determine the legal obligations for both parties. It is essential to 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 Pillai Paliyam Street?

The current guideline value of Pillai Paliyam Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and 2024, reflecting a 50% increase overall from 2017 to 2024.

What are the other streets in Podaturpet with similar guideline values?

Other streets in Podaturpet with a guideline value of Rs 250 per sq.ft include Ponniyamman Koil Street, Ootha Vadai Street, Ranga Nadhar Street, Nalla Thaneer Kuzham Street, and Nalla Thaneer Kulam Street.

Where can I find the registration office for Pillai Paliyam Street?

The registration office for Pillai Paliyam Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

How is the stamp duty calculated for property in Pillai Paliyam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property with a guideline value of Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%.