Guideline Value for PalliKooda Street

PalliKooda Street guideline value

The current guideline value of PalliKooda Street is Rs 305 per sq.ft, effective from 1 July 2024. This street is located in Mambakkam village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of PalliKooda Street has changed

The guideline value for PalliKooda Street has seen significant changes over the years. The register has no figure for this street from the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 200 per sq.ft, which increased to Rs 305 per sq.ft in the 2024 revision, marking a change of +53%.

This increase reflects the current valuation for the street, aligning it with the median guideline value for other streets in Mambakkam. The 2024 figure is consistent with the median of Rs 305 per sq.ft for the 39 streets in Mambakkam under the Sunguvarchattram SRO.

Guideline values in Mambakkam

In Mambakkam, the guideline values range from Rs 200 to Rs 1,418 per sq.ft, with the median being Rs 305 per sq.ft. PalliKooda Street's 2024 guideline value is equal to this median. Below are other streets in Mambakkam with their respective guideline values:

• Pallikooda East Street: Rs 305 per sq.ft (2024)
• Padavettamman Kovil Street: Rs 305 per sq.ft (2024)
• Perumal Kovil Street: Rs 305 per sq.ft (2024)
• New Avenue: Rs 500 per sq.ft (2024)
• Ponniamman Kovil Street: Rs 250 per sq.ft (2024)
• Narayana Nagar: Rs 505 per sq.ft (2024)

Stamp duty and registration fee for property in PalliKooda Street

For a 1,000 sq.ft plot at the current rate of Rs 305 per sq.ft, the guideline value amounts to Rs 3,05,000. The stamp duty at 7% would be Rs 21,350, and the registration fee at 2% would be Rs 6,100, totaling Rs 27,450. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PalliKooda Street?

The Sub Registrar Office that covers PalliKooda Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per government standards.

When a property is sold, the buyer and seller must adhere to the guideline value set by the registration department. This value helps in maintaining transparency and accountability in real estate transactions, providing a standardized measure for property valuation.

Frequently asked questions

What is the current guideline value of PalliKooda Street?

The current guideline value of PalliKooda Street is Rs 305 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for PalliKooda Street has changed from Rs 200 per sq.ft in 2023 to Rs 305 per sq.ft in 2024, which is a 53% increase. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for PalliKooda Street?

PalliKooda Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator available on the official website.

Which office handles the registration for PalliKooda Street?

The registration for PalliKooda Street is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.