Guideline Value for PachiyappanCollege HostelStree

PachiyappanCollege HostelStree guideline value

The current guideline value for PachiyappanCollege HostelStree is Rs 13,500 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Commercial Special Type - III.

How the guideline value of PachiyappanCollege HostelStree has changed

The guideline value for PachiyappanCollege HostelStree has seen several revisions over the years. The 2007 revision set the value at Rs 4,000 per sq.ft, which increased significantly to Rs 12,300 per sq.ft in 2012, marking a rise of 208%. However, in the 2017 revision, the value decreased to Rs 8,241 per sq.ft, reflecting a drop of 33%. The value then rose sharply to Rs 12,300 per sq.ft in 2023, which was a 49% increase from the previous revision. The latest revision in 2024 has further increased the guideline value to Rs 13,500 per sq.ft, representing a 10% increase from 2023.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing PachiyappanCollege HostelStree's 2024 figure above that median.

• OsanKulam: Rs 2,800 per sq.ft (2024)
• Ormes Road: Rs 15,000 per sq.ft (2024)
• Pagam Pillai street: Rs 6,300 per sq.ft (2024)
• Omres road 4th cross street: Rs 13,400 per sq.ft (2024)
• Omres road 3rd cross street: Rs 13,400 per sq.ft (2024)
• Omres lane: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in PachiyappanCollege HostelStree

For a 1,000 sq.ft plot at the current guideline value of Rs 13,500 per sq.ft, the total guideline value would be Rs 1,35,00,000. The stamp duty at 7% would amount to Rs 9,45,000, and the registration fee at 2% would be Rs 2,70,000, making the total charges Rs 12,15,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers PachiyappanCollege HostelStree?

The Sub Registrar Office that covers PachiyappanCollege HostelStree is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When purchasing property, buyers must be aware that the guideline value may influence their overall transaction costs. It is essential to consider this value to ensure compliance with local regulations and to avoid any potential legal issues during registration.

Frequently asked questions

What is the current guideline value for PachiyappanCollege HostelStree?

The current guideline value for PachiyappanCollege HostelStree is Rs 13,500 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 4,000 per sq.ft in 2007 to Rs 13,500 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What is the land classification for PachiyappanCollege HostelStree?

PachiyappanCollege HostelStree is classified as Commercial Special Type - III, which indicates its suitability for commercial activities.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 1,35,00,000 would incur a total of Rs 12,15,000 in fees.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering PachiyappanCollege HostelStree is located at 1103, Poonamallee High Road, Chennai-600 003. This office handles all registration processes for properties in this area.