Guideline Value for Pallavan Street

Pallavan Street guideline value

The current guideline value of Pallavan Street is Rs 1,100 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 - III.

How the guideline value of Pallavan Street has changed

The guideline value for Pallavan Street has undergone several revisions since 2007. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it saw a decrease to Rs 670 per sq.ft in 2017. The value then rose again to Rs 1,000 per sq.ft in the 2023 revision, and finally, it is now Rs 1,100 per sq.ft as of the 2024 revision. The changes between these revisions include a 400% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for Pallavan Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Pallavan Street.

• Panagal Street: Rs 2,750 per sq.ft (2024)
• Pakthavatchalam Street: Rs 1,650 per sq.ft (2024)
• Parimelalakar Street: Rs 1,100 per sq.ft (2024)
• Pathiyalpeettai: Rs 1,650 per sq.ft (2024)
• Paventhar Street: Rs 1,320 per sq.ft (2024)
• Om Sakthi Nagar: 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 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 more details.

Which Sub Registrar Office covers Pallavan Street?

The Sub Registrar Office covering 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 additional information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvallur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value for accurate financial planning. This value serves as a benchmark for property transactions, helping to standardize the fees associated with registering properties in the area.

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, reflecting a total increase of 450% over the years.

What are the other streets in Thiruvallur with guideline values?

Other streets in Thiruvallur include Panagal Street at Rs 2,750 per sq.ft, Pakthavatchalam Street at Rs 1,650 per sq.ft, and Parimelalakar Street at Rs 1,100 per sq.ft, among others.

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

For a property valued at 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 in fees.

Where can I find the Sub Registrar Office for Pallavan Street?

The Sub Registrar Office for Pallavan Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.