Guideline Value for Pachaiyappan Colony Extn.

Pachaiyappan Colony Extn. guideline value

The current guideline value of Pachaiyappan Colony Extn. is Rs 2,160 per sq.ft, effective from 1 July 2024. This area is located in Zaminpallavaram village under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Pachaiyappan Colony Extn. has changed

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

There are no recorded figures for the years 2002, 2017, and 2023 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, with guideline values 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 2024 figure for Pachaiyappan Colony Extn. below this median.

• Pachaiyappan Colony Eri Side St.: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Koil Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 4th Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 3rd Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Nagar Cross Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 2nd Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiyappan Colony Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Pachaiyappan Colony Extn.?

The Sub Registrar Office that covers Pachaiyappan Colony Extn. 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 plays a crucial role in the registration of property transactions in Zaminpallavaram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value can help in planning the financial aspects of buying or selling property in this area.

Frequently asked questions

What is the current guideline value of Pachaiyappan Colony Extn.?

The current guideline value of Pachaiyappan Colony Extn. 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 changed significantly from Rs 171 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, an overall increase of 1163%.

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

For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200 and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

Which office handles property registrations for Pachaiyappan Colony Extn.?

The Pallavaram Sub Registrar Office handles property registrations for Pachaiyappan Colony Extn., located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

Are there other streets with the same guideline value in Zaminpallavaram?

Yes, other streets in Zaminpallavaram, such as Pachaiyappan Colony Eri Side St., Pachaiyappan Koil Street, and others, also share the same guideline value of Rs 2,160 per sq.ft for 2024.