Guideline Value for Pallikondamman Koil Street

Pallikondamman Koil Street guideline value

The current guideline value of Pallikondamman Koil Street is Rs 805 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification is Residential Class II Type - II.

How the guideline value of Pallikondamman Koil Street has changed

The guideline value for Pallikondamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 805 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 15%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, placing Pallikondamman Koil Street's 2024 figure below that median.

• Palani Street: Rs 880 per sq.ft (2024)
• N.S.Mary Kallarai Street: Rs 880 per sq.ft (2024)
• North Mada Street: Rs 880 per sq.ft (2024)
• N.G.G.O. Nagar: Rs 803 per sq.ft (2024)
• Perumal Koil St. (Kannada Palayam): Rs 807 per sq.ft (2024)
• New Mettu Street: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikondamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, bringing the total to Rs 72,450. It is important to note that 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 information.

Which Sub Registrar Office covers Pallikondamman Koil Street?

The Sub Registrar Office that covers Pallikondamman Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kovilpathagai. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller approaches the Sub Registrar Office, the guideline value is referred to in order to determine the applicable fees. This ensures that all transactions are conducted fairly and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Pallikondamman Koil Street?

The current guideline value of Pallikondamman Koil Street is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 805 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Pallikondamman Koil Street?

The land classification for Pallikondamman Koil Street is Residential Class II Type - II.

Where can I find the registration office for Pallikondamman Koil Street?

The registration office for Pallikondamman Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties on Pallikondamman Koil Street?

Stamp duty for properties on Pallikondamman Koil Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 72,450 in fees.