Guideline Value for Paaranchi St

Paaranchi St guideline value

The current guideline value of Paaranchi St in Ammayarkuppam village is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Paaranchi St has changed

The guideline value of Paaranchi St has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 260 per sq.ft in 2012. However, it dropped to Rs 174 per sq.ft in 2017. The value remained at Rs 260 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The significant change occurred from 2007 to 2012, with an increase of 160%. Overall, from 2007 to 2024, the guideline value has increased by 160%.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft. The median value is Rs 260 per sq.ft, which is equal to the 2024 figure for Paaranchi St.

• Othavadai Street: Rs 260 per sq.ft (2024)
• Paventhara Bharathidasan St: Rs 241 per sq.ft (2024)
• Ponniamman Koil St: Rs 260 per sq.ft (2024)
• Ma.Po.C. Salai: Rs 260 per sq.ft (2024)
• Mangala Kizhar Steet: Rs 260 per sq.ft (2024)
• L.N. Koil Street: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Paaranchi St

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,60,000. The stamp duty at 7% amounts to Rs 18,200, and the registration fee at 2% is Rs 5,200, totaling Rs 23,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Paaranchi St?

The Sub Registrar Office covering Paaranchi St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ammayarkuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and fairly according to the established values.

Frequently asked questions

What is the current guideline value of Paaranchi St?

The current guideline value of Paaranchi St is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017. It has remained at Rs 260 per sq.ft in both the 2023 and 2024 revisions.

What is the classification of land on Paaranchi St?

Paaranchi St is classified as Residential Class I Type - I under the Ramakrishna Rajupettai SRO.

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

Other streets in Ammayarkuppam with a guideline value of Rs 260 per sq.ft include Othavadai Street, Ponniamman Koil St, Ma.Po.C. Salai, Mangala Kizhar Steet, and L.N. Koil Street.

How is stamp duty calculated for properties in Paaranchi St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,60,000 incurs a stamp duty of Rs 18,200 at 7%.