Guideline Value for Pallikkuda Street

Pallikkuda Street guideline value

The current guideline value of Pallikkuda Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kunduperumpedu village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pallikkuda Street has changed

Over the years, the guideline value for Pallikkuda Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision. The 2017 revision saw a significant increase to Rs 100 per sq.ft, marking a 50% rise from the previous figure. However, the 2023 revision did not change the value, keeping it steady at Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

As of the latest 2024 revision, the guideline value remains at Rs 150 per sq.ft, reflecting no change from the 2023 revision. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Kunduperumpedu

Kunduperumpedu village has a total of 35 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Pallikkuda Street's value below this median.

• peninsula Nagar: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 150 per sq.ft (2024)
• Nagathamman Koil Street: Rs 150 per sq.ft (2024)
• Muthu Mariyamman Koil Street: Rs 150 per sq.ft (2024)
• Sai Krishna Garden: Rs 200 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikkuda Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Pallikkuda Street?

The Sub Registrar Office that covers Pallikkuda Street is 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 Kunduperumpedu

When buying or selling property in Kunduperumpedu, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price of the property, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value when engaging in property transactions, as this value can influence the overall costs associated with the purchase or sale. Understanding the guideline value helps in budgeting for these additional expenses during the transaction process.

Frequently asked questions

What is the current guideline value of Pallikkuda Street?

The current guideline value of Pallikkuda Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pallikkuda Street has remained at Rs 150 per sq.ft since 2012, with a notable increase from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023. The 2024 revision has kept the value unchanged.

What is the land classification for Pallikkuda Street?

Pallikkuda Street falls under the land classification of Residential Class III Type - I, indicating its suitability for residential development.

How do I calculate stamp duty and registration fees for a property in Pallikkuda Street?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total costs would amount to Rs 13,500.

Where is the Sub Registrar Office located for Pallikkuda Street?

The Sub Registrar Office covering Pallikkuda Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.