Guideline Value for Pallavan Street

Pallavan Street guideline value

The current guideline value of Pallavan Street in Periyakuppam village, under the Tiruvallur Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Pallavan Street has changed

The guideline value for Pallavan Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, between 2012 and 2017, the value decreased to Rs 670 per sq.ft, reflecting a drop of 33%. Following this, the value rose to Rs 1,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for Pallavan Street for the years 2002 and 2003.

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, which is equal to the current guideline value of Pallavan Street.

• Pakthavachalam Street: Rs 1,650 per sq.ft (2024)
• Padmini Nagar: Rs 879 per sq.ft (2024)
• Parimelagar Street: Rs 1,100 per sq.ft (2024)
• Om Ganesh Nagar: Rs 879 per sq.ft (2024)
• Periyakuppam Colony: Rs 879 per sq.ft (2024)
• N.G.G.O.Colony: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavan 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 duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallavan Street?

The Sub Registrar Office that covers Pallavan 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pallavan Street?

The current guideline value of Pallavan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 450% during this period.

What are the other streets with guideline values in Periyakuppam?

Other streets in Periyakuppam include Pakthavachalam Street at Rs 1,650 per sq.ft, Padmini Nagar at Rs 879 per sq.ft, and Parimelagar Street at Rs 1,100 per sq.ft, among others.

What are the stamp duty and registration fees for Pallavan Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, with a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which office handles property registration for Pallavan Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registration for Pallavan Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.