Guideline Value for Pallavan Street (Senthil Nagar)

Pallavan Street (Senthil Nagar) guideline value

The current guideline value for Pallavan Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Pallavan Street (Senthil Nagar) has changed

The guideline value for Pallavan Street (Senthil Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2024, the value saw a significant increase of 61%, bringing it to the current rate of Rs 2,700 per sq.ft.

Overall, comparing the 2012 revision to the 2024 revision, there has been a slight increase of 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, making Pallavan Street (Senthil Nagar) above this median.

• Palli 1st E.V.R. Nagammai St.: Rs 1,500 per sq.ft (2024)
• Palli Vinayagar Koil Street: Rs 2,400 per sq.ft (2024)
• Pallavan 6th St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)
• Pallavan 5th St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)
• Pallavan 4th St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)
• Pallavan 3rd St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavan Street (Senthil Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallavan Street (Senthil Nagar)?

The Sub Registrar Office that covers Pallavan Street (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value for Pallavan Street (Senthil Nagar)?

The current guideline value for Pallavan Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pallavan Street (Senthil Nagar) changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification for Pallavan Street (Senthil Nagar)?

Pallavan Street (Senthil Nagar) is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for Pallavan Street (Senthil Nagar)?

The Sub Registrar Office for Pallavan Street (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as the minimum price for registration, ensuring that the transaction is recorded accurately and that the appropriate taxes are collected.