Guideline Value for Palayathamman Koil Street

Palayathamman Koil Street guideline value

The current guideline value of Palayathamman Koil Street is Rs 1,100 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Palayathamman Koil Street has changed

In the 2007 revision, the guideline value was Rs 550 per sq.ft. This figure increased to Rs 1,100 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, the value decreased to Rs 737 per sq.ft, which was a 33% drop compared to the previous revision. The most recent revision in 2023 saw the guideline value rise again to Rs 1,100 per sq.ft, resulting in a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 100%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Palayathamman Koil Street stands at a guideline value of Rs 1,100 per sq.ft. Unfortunately, there are no other streets in Urapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Palayathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together 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. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Palayathamman Koil Street?

The Sub Registrar Office that covers Palayathamman Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of properties in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling of property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Palayathamman Koil Street?

The current guideline value of Palayathamman Koil Street is Rs 1,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 550 per sq.ft in 2007, rising to Rs 1,100 in 2012, dropping to Rs 737 in 2017, and returning to Rs 1,100 in 2023.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Palayathamman Koil Street?

The registration for Palayathamman Koil Street is handled by the Gooduvancheri Sub Registrar Office, located on Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Are there other streets in Urapakkam with guideline values?

Currently, there are no other streets in Urapakkam listed under the Gooduvancheri SRO with specific guideline values provided.