Guideline Value for Pallikooda East Street

Pallikooda East Street guideline value

The current guideline value of Pallikooda East Street is Rs 305 per sq.ft, effective from 1 July 2024. This street is located in Mambakkam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pallikooda East Street has changed

The guideline value for Pallikooda East Street has seen changes over the years, with the most recent revision in 2024 setting the value at Rs 305 per sq.ft. Prior to this, the 2023 revision recorded a guideline value of Rs 200 per sq.ft, indicating a significant increase of 53% from 2023 to 2024.

The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, we only have the figures from the 2023 and 2024 revisions to consider.

Guideline values in Mambakkam

In Mambakkam, there are 39 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,418 per sq.ft. The median value among these streets is Rs 305 per sq.ft, which is equal to the guideline value of Pallikooda East Street.

• PalliKooda 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 East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 305 per sq.ft, the total 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, bringing the total to Rs 27,450. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallikooda East Street?

The Sub Registrar Office that covers Pallikooda East Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Mambakkam, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which property transactions are registered, ensuring that the government receives appropriate revenue from these transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of property transactions. Understanding the guideline value can help in planning and budgeting for the associated costs during the buying or selling process.

Frequently asked questions

What is the current guideline value of Pallikooda East Street?

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

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 53%, from Rs 200 per sq.ft to Rs 305 per sq.ft.

What is the land classification for Pallikooda East Street?

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

Where can I find the Sub Registrar Office for Pallikooda East Street?

The Sub Registrar Office for Pallikooda East Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for calculating stamp duty and registration fees during property transactions. It ensures that the government receives appropriate revenue based on the value of the property being bought or sold.