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_B village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Pallikooda Street has changed

The guideline value for Pallikooda Street has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 100 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 50%. However, there was no change from 2023 to 2024, resulting in an overall increase of 50% from 2017 to 2024.

Guideline values in Echur_B

Echur_B village has a total of 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Pallikooda Street's 2024 figure aligns with this median.

• 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 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 higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pallikooda Street?

The Sub Registrar Office covering 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 details.

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

The guideline value is a crucial factor when registering property in Echur_B. It determines the amount of stamp duty and registration fees that need to be paid during the transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling a property, it is essential to be aware of the current guideline value, as it serves as a benchmark for the transaction. This value helps in determining the financial obligations that arise during the registration process.

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 remained the same from 2023 to 2024 at Rs 150 per sq.ft. However, it increased by 50% from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

What is the land classification for Pallikooda Street?

Pallikooda Street falls under the Residential Class IV Type - I land classification.

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

The Sub Registrar Office for Pallikooda Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated on properties in Echur_B?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.