Guideline Value for Pallaikara Street

Pallaikara Street guideline value

The current guideline value of Pallaikara Street in MummoodiKuppam village is Rs 175 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Pallaikara Street has changed

The guideline value for Pallaikara Street has undergone several revisions over the years. In 2012, the value was Rs 175 per sq.ft, which remained unchanged in the following revision in 2017, where it was Rs 117 per sq.ft. The value then increased by 50% to Rs 175 per sq.ft in the 2023 revision, and it has remained at Rs 175 per sq.ft in the 2024 revision, showing no change from the previous year. The register has no figure for this street in 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has remained the same at Rs 175 per sq.ft. The significant change occurred between 2017 and 2023, where the value increased by 50%. The fluctuations in the guideline value reflect the historical adjustments made in the region.

Guideline values in MummoodiKuppam

In MummoodiKuppam, there are 9 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 350 per sq.ft, with a median value of Rs 150 per sq.ft. Pallaikara Street's guideline value of Rs 175 per sq.ft is above this median.

• Perumal Kovil Street: Rs 175 per sq.ft (2024)
• Mummoodikuppam Colony: Rs 126 per sq.ft (2024)
• School Street: Rs 175 per sq.ft (2024)
• Kizhandai Third Street: Rs 150 per sq.ft (2024)
• Kizhandai Second Street: Rs 150 per sq.ft (2024)
• Kizhandai First Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Pallaikara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, making the total charges Rs 15,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Pallaikara Street?

The Sub Registrar Office that covers Pallaikara Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

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

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the state collects appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pallaikara Street?

The current guideline value of Pallaikara Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft from 2012 to 2024, with a significant increase of 50% from Rs 117 per sq.ft in 2017 to Rs 175 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Pallaikara Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,75,000, leading to a stamp duty of Rs 12,250 and a registration fee of Rs 3,500, totaling Rs 15,750.

Which Sub Registrar Office covers Pallaikara Street?

The Sub Registrar Office covering Pallaikara Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification of Pallaikara Street?

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