Guideline Value for Pachaivarana Perumal Koil Street

Pachaivarana Perumal Koil Street guideline value

The current guideline value of Pachaivarana Perumal Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Agaram Male village and falls under the Poonamallee SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pachaivarana Perumal Koil Street has changed

The guideline value for Pachaivarana Perumal Koil Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year. The overall change from 2017 to 2024 is an increase of 64%.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Agaram Male

In Agaram Male, there are 21 streets under the Poonamallee SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 2,800 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, placing Pachaivarana Perumal Koil Street's 2024 figure below that median.

• Murugesan Nagar: Rs 770 per sq.ft (2024)
• Pushpha Nagar: Rs 770 per sq.ft (2024)
• M.G.M Nagar: Rs 770 per sq.ft (2024)
• M.G.A Avenue: Rs 770 per sq.ft (2024)
• Sannathi Street: Rs 550 per sq.ft (2024)
• Lakshmi Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaivarana Perumal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pachaivarana Perumal Koil Street?

The Sub Registrar Office that covers Pachaivarana Perumal Koil Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Agaram Male, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must refer to the current guideline value to calculate these costs accurately during the registration process.

Additionally, the guideline value serves as a reference for property transactions, ensuring that both parties are aware of the official value set by the Registration Department. It is essential for maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Pachaivarana Perumal Koil Street?

The current guideline value of Pachaivarana Perumal Koil Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification for Pachaivarana Perumal Koil Street?

The land classification for Pachaivarana Perumal Koil Street is Residential Class I Type - I. This classification indicates the type of development permitted in the area.

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

For a 1,000 sq.ft plot at the guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers this street?

The Poonamallee Sub Registrar Office covers Pachaivarana Perumal Koil Street, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.