Guideline Value for PalliKooda Street

PalliKooda Street guideline value

The current guideline value of PalliKooda Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam 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 several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. The value increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision. The 2024 revision maintains this value at Rs 200 per sq.ft, reflecting no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 900 per sq.ft. The median value for these streets is Rs 181 per sq.ft, placing PalliKooda Street's 2024 figure above that median.

• Palnallur Road: Rs 181 per sq.ft (2024)
• Palvaddi Street: Rs 181 per sq.ft (2024)
• Palash: Rs 500 per sq.ft (2024)
• Panruti Main Road: Rs 200 per sq.ft (2024)
• Peria Pallaiyathamman Street: Rs 181 per sq.ft (2024)
• Ragala Kanni Theru: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in PalliKooda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mettupalayam. It serves as a basis for calculating the stamp duty and registration fees that are payable at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official register, helping to maintain transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of PalliKooda Street?

The current guideline value of PalliKooda Street is Rs 200 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 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and remains at Rs 200 per sq.ft in 2024.

What are the other streets in Mettupalayam with their guideline values?

Other streets in Mettupalayam include Palnallur Road and Palvaddi Street at Rs 181 per sq.ft, Panruti Main Road at Rs 200 per sq.ft, and Palash at Rs 500 per sq.ft, among others.

What are the stamp duty and registration fees for property in PalliKooda Street?

For a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000, with stamp duty at Rs 14,000 and registration fee at Rs 4,000, totaling Rs 18,000.

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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.