Guideline Value for Pakthavatchalam Street

Pakthavatchalam Street guideline value

The current guideline value of Pakthavatchalam Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Pakthavatchalam Street has changed

In the 2007 revision, the guideline value was set at Rs 200 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,500 per sq.ft, marking a 650% increase. However, in 2017, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw a substantial increase to Rs 1,500 per sq.ft, and the most recent 2024 revision set the value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 725%. It is important to note that there are no figures available for Pakthavatchalam Street in the 2002 and 2003 revisions.

Guideline values in Thiruvallur

Pakthavatchalam Street's 2024 guideline value of Rs 1,650 per sq.ft is above the median value of Rs 1,100 per sq.ft for the 172 streets in Thiruvallur under the Tiruvallur Joint 1 SRO, which range from Rs 550 to Rs 3,850 per sq.ft.

• Pallavan Street: Rs 1,100 per sq.ft (2024)
• Panagal Street: Rs 2,750 per sq.ft (2024)
• Om Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• Parimelalakar Street: Rs 1,100 per sq.ft (2024)
• North raja Street: Rs 1,650 per sq.ft (2024)
• Pathiyalpeettai: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pakthavatchalam Street

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

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

Which Sub Registrar Office covers Pakthavatchalam Street?

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

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

The guideline value is a critical factor when registering property transactions in Thiruvallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Pakthavatchalam Street?

The current guideline value of Pakthavatchalam 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, increasing from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, which is an overall increase of 725%.

What is the median guideline value for streets in Thiruvallur?

The median guideline value for streets in Thiruvallur is Rs 1,100 per sq.ft, with Pakthavatchalam Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in Pakthavatchalam Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,48,500.

Where is the Sub Registrar Office for Pakthavatchalam Street located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.