Guideline Value for Pakthavachalam Street

Pakthavachalam Street guideline value

The current guideline value of Pakthavachalam Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pakthavachalam Street has changed

Over the years, the guideline value of Pakthavachalam Street has seen significant changes. The earliest recorded figure is from the 2007 revision, which was Rs 200 per sq.ft. This increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, the value then dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, followed by a further increase to Rs 1,650 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for Pakthavachalam Street. In summary, from the 2007 revision to the 2024 revision, the overall increase in guideline value is 725%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, and Pakthavachalam Street's 2024 figure is above this median.

• Padmini Nagar: Rs 879 per sq.ft (2024)
• Pallavan Street: Rs 1,100 per sq.ft (2024)
• Om Ganesh Nagar: Rs 879 per sq.ft (2024)
• Parimelagar Street: Rs 1,100 per sq.ft (2024)
• N.G.G.O.Colony: Rs 1,100 per sq.ft (2024)
• New. N.G.G.O. Colony: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pakthavachalam Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Pakthavachalam Street?

The Sub Registrar Office that covers Pakthavachalam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When a buyer approaches the registration office, the guideline value will be used to calculate the stamp duty and registration fees. This ensures that the fees are based on a standardized value, which helps in maintaining consistency across property transactions.

Frequently asked questions

What is the current guideline value of Pakthavachalam Street?

The current guideline value of Pakthavachalam Street is Rs 1,650 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 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024. This represents an overall increase of 725% over the years.

What is the registration office for Pakthavachalam Street?

The registration office for Pakthavachalam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated for properties in Pakthavachalam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at Rs 1,650 per sq.ft would incur a total stamp duty of Rs 1,15,500.

What is the land classification for Pakthavachalam Street?

Pakthavachalam Street is classified as Residential Class I Type - I, indicating its suitability for residential development.