Guideline Value for PalliKooda theru

PalliKooda theru guideline value

The current guideline value of PalliKooda theru is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Thodukadu village under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of PalliKooda theru has changed

The guideline value for PalliKooda theru has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, marking a -33% change from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of +49%, bringing the value back to Rs 500 per sq.ft. As of the 2024 revision, the guideline value remains at Rs 500 per sq.ft, showing no change from the previous year. Overall, from 2012 to 2024, there has been a 0% change in the guideline value.

Guideline values in Thodukadu

In Thodukadu village, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. PalliKooda theru's 2024 figure of Rs 500 per sq.ft is above this median.

• Parangusapuram: Rs 300 per sq.ft (2024)
• Pari Nagar: Rs 300 per sq.ft (2024)
• Om Nagar - IV: Rs 400 per sq.ft (2024)
• Om Nagar - III: Rs 400 per sq.ft (2024)
• Om Nagar - II: Rs 400 per sq.ft (2024)
• Om Nagar - I: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in PalliKooda theru

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 details.

Which Sub Registrar Office covers PalliKooda theru?

The PalliKooda theru is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thodukadu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is referenced to ensure that the appropriate fees are calculated accurately. This value is essential for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of PalliKooda theru?

The current guideline value of PalliKooda theru is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017. It returned to Rs 500 per sq.ft in 2023 and has not changed in 2024.

What is the land classification for PalliKooda theru?

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

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft property at Rs 500 per sq.ft incurs a total fee of Rs 45,000.

Which office handles registrations for PalliKooda theru?

The Sriperumpudur Sub Registrar Office handles registrations for PalliKooda theru, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.