Guideline Value for Pachiamman Koil Street

Pachiamman Koil Street guideline value

The current guideline value of Pachiamman Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Pachiamman Koil Street has changed

The guideline value for Pachiamman Koil Street has seen several revisions over the years. In 2002, the value was Rs 345 per sq.ft, which increased to Rs 402 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,250 per sq.ft in 2007. However, it experienced a decrease to Rs 3,500 per sq.ft in 2012. The value then dropped again to Rs 2,345 per sq.ft in 2017 before climbing to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. There was a notable drop of 33% from 2012 to 2017. The value surged by 180% from 2007 to 2012 and increased by 211% from 2003 to 2007. The change from 2002 to 2024 is a remarkable 1030% overall. The register has no figure for the years not listed in this summary.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is equal to the 2024 figure for Pachiamman Koil Street.

• Padel Street: Rs 3,900 per sq.ft (2024)
• Officers ColonyWest street: Rs 5,000 per sq.ft (2024)
• Palaru Street: Rs 3,900 per sq.ft (2024)
• Officers Colony Middle street: Rs 3,900 per sq.ft (2024)
• Palaru Street (Bharathi Nagar): Rs 3,900 per sq.ft (2024)
• Officers Colony Cross Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pachiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachiamman Koil Street?

The Sub Registrar Office that covers Pachiamman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating the sale price, as it impacts the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value. It helps in maintaining transparency in property dealings and ensures that the government receives the appropriate revenue through stamp duties and registration fees.

Frequently asked questions

What is the current guideline value of Pachiamman Koil Street?

The current guideline value of Pachiamman Koil Street is Rs 3,900 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 345 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1030% over the years.

What is the registration office for Pachiamman Koil Street?

The registration office for Pachiamman Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where can I find more information about stamp duty and registration fees?

For more information, you can use the stamp duty and registration fee calculator available online.