Guideline Value for Pallavaram Main Road

Pallavaram Main Road guideline value

The current guideline value of Pallavaram Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Commercial Class I Type - I.

How the guideline value of Pallavaram Main Road has changed

The guideline value for Pallavaram Main Road has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 2,600 per sq.ft, which increased to Rs 2,860 per sq.ft in the 2024 revision, reflecting a change of +10%.

As of the 2024 revision, the current guideline value stands at Rs 2,860 per sq.ft. Prior to this, the 2023 revision recorded a value of Rs 2,600 per sq.ft, indicating a significant increase. This upward trend highlights the changes in property valuations in the area.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, making the guideline value of Pallavaram Main Road notably above this median.

• Palavarayan Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 5th Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 4th Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 1st Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavaram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total to Rs 2,57,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pallavaram Main Road?

The Sub Registrar Office that covers Pallavaram Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in property transactions within Kunrathour-B. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are levied based on the established value of the property.

Frequently asked questions

What is the current guideline value of Pallavaram Main Road?

The current guideline value of Pallavaram Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024, marking a 10% increase. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Pallavaram Main Road?

Pallavaram Main Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 2,57,400.

Where can I find the Sub Registrar Office for Pallavaram Main Road?

The Kunrathur Sub Registrar Office covers Pallavaram Main Road and is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information online.