Guideline Value for Pachaiyappan Colony 4th Street

Pachaiyappan Colony 4th Street guideline value

The current guideline value of Pachaiyappan Colony 4th Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Pachaiyappan Colony 4th Street has changed

The guideline value for Pachaiyappan Colony 4th Street has seen several revisions over the years. The earliest recorded guideline value was Rs 171 per sq.ft in 2003. This increased significantly to Rs 600 per sq.ft in 2007, marking a change of 251%. By 2012, the value rose to Rs 2,000 per sq.ft, which is an increase of 233% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,160 per sq.ft, reflecting an 8% increase from 2012.

It is important to note that the register has no figures for the years 2023, 2017, and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1163%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing the guideline value of Pachaiyappan Colony 4th Street below that median.

• Pachaiyappan Colony 3rd Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony Eri Side St.: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 2nd Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony Extn.: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 1st Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Koil Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiyappan Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total fees together to Rs 1,94,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pachaiyappan Colony 4th Street?

The Sub Registrar Office that covers Pachaiyappan Colony 4th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

Frequently asked questions

What is the current guideline value of Pachaiyappan Colony 4th Street?

The current guideline value of Pachaiyappan Colony 4th Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 171 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, marking an overall increase of 1163% over this period.

Which Sub Registrar Office covers this street?

The Pallavaram Sub Registrar Office covers Pachaiyappan Colony 4th Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,51,200 and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

What is the land classification of Pachaiyappan Colony 4th Street?

Pachaiyappan Colony 4th Street is classified as Residential Class III Type - I, which is relevant for determining the guideline value and associated fees.