Guideline Value for Pallikooda Street

Pallikooda Street guideline value

The current guideline value of Pallikooda Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Echur village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Pallikooda Street has changed

The guideline value of Pallikooda Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 100 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The 2024 revision has also maintained this value, resulting in no change from the previous year.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for Pallikooda Street.

Guideline values in Echur

In Echur village, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which is equal to the current value of Pallikooda Street.

• Periya Street: Rs 150 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 150 per sq.ft (2024)
• Natham Kuppam Colony: Rs 150 per sq.ft (2024)
• Prasanthi Nagar: Rs 300 per sq.ft (2024)
• Mettu Street in Cross Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 200 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on the fees applicable.

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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Echur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a value that reflects the official pricing set by the registration department. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Pallikooda Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in both 2023 and 2024. There are no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification of Pallikooda Street?

Pallikooda Street is classified as Residential Class IV Type - I under the guideline value register.

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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pallikooda Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500.