Guideline Value for Pallavarm Thuraipakkam Radieal Road

Pallavarm Thuraipakkam Radieal Road guideline value

The current guideline value of Pallavarm Thuraipakkam Radieal Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Mixed Type - II land.

How the guideline value of Pallavarm Thuraipakkam Radieal Road has changed

The guideline value for Pallavarm Thuraipakkam Radieal Road has seen several revisions over the years. In 2007, the value was Rs 850 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, by 2017, the value decreased to Rs 2,010 per sq.ft. The 2023 revision brought it back up to Rs 3,000 per sq.ft, and the latest 2024 revision has set the value at Rs 3,300 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2024, the overall change in guideline value is an increase of 288%. The most significant jump occurred between 2007 and 2012, with a 253% increase, while the value decreased by 33% from 2012 to 2017. The guideline value then saw a 49% increase from 2017 to 2023, followed by a 10% rise from 2023 to 2024.

Guideline values in Kilkattalai

Kilkattalai village has 194 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Pallavarm Thuraipakkam Radieal Road above this median.

• Pallavaram Duraipakkam Link Road (200 Feet Road): Rs 3,300 per sq.ft (2024)
• Pallavan Nagar 1 To 3 Cross Street: Rs 1,980 per sq.ft (2024)
• Pallavan Nagar: Rs 1,980 per sq.ft (2024)
• Pandiyan Nagar: Rs 2,160 per sq.ft (2024)
• Parri Colony: Rs 2,530 per sq.ft (2024)
• Pattammal Colony: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavarm Thuraipakkam Radieal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value is Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, leading to a total cost of Rs 2,97,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Pallavarm Thuraipakkam Radieal Road?

The Sub Registrar Office that covers Pallavarm Thuraipakkam Radieal Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Kilkattalai, as it determines the stamp duty and registration fees applicable during the buying or selling process. Buyers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. It is crucial for both buyers and sellers to understand the guideline value to ensure compliance with local regulations and to accurately assess the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Pallavarm Thuraipakkam Radieal Road?

The current guideline value of Pallavarm Thuraipakkam Radieal Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 288% over the years.

What is the median guideline value in Kilkattalai?

The median guideline value for streets in Kilkattalai is Rs 2,530 per sq.ft, which is lower than the current value of Pallavarm Thuraipakkam Radieal Road.

What fees are associated with purchasing property in Pallavarm Thuraipakkam Radieal Road?

When purchasing property, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pallavarm Thuraipakkam Radieal Road located?

The Sub Registrar Office for Pallavarm Thuraipakkam Radieal Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.