Guideline Value for Pachchaimalai Street

Pachchaimalai Street guideline value

The current guideline value of Pachchaimalai Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Pachchaimalai Street has changed

The guideline value for Pachchaimalai Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, this value saw a decrease of 33% to Rs 670 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 reflects a further increase to Rs 1,100 per sq.ft, which is a 10% rise from the previous year.

It is important to note that there are no figures available for Pachchaimalai Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, which means Pachchaimalai Street's 2024 value is above this median.

• Periyamalai Forest Road(Rajagopal Street): Rs 880 per sq.ft (2024)
• Periyar Nagar: Rs 880 per sq.ft (2024)
• Periyar Nagar Pulikoradu: Rs 880 per sq.ft (2024)
• Nagarathinam street: Rs 1,100 per sq.ft (2024)
• Nadu Theru: Rs 1,650 per sq.ft (2024)
• Pillai Koil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Pachchaimalai Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty, calculated at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachchaimalai Street?

Pachchaimalai Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pulikoradu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for all property sales and purchases.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair rate, reflecting the current market conditions as determined by the local authorities. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Pachchaimalai Street?

The current guideline value of Pachchaimalai Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the land classification for Pachchaimalai Street?

Pachchaimalai Street is classified as Residential Class II Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate results in a total of Rs 99,000 for both fees.

Where is the Sub Registrar Office for Pachchaimalai Street located?

The Tambaram Joint 1 Sub Registrar Office, which covers Pachchaimalai Street, is located at No.26, mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.