Guideline Value for Pallikuda Street

Pallikuda Street guideline value

The current guideline value of Pallikuda Street in Karasangal village is Rs 103 per sq.ft, effective from 1 July 2024. This street falls under the Acchirapakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Pallikuda Street has changed

The guideline value for Pallikuda Street has seen significant changes over the years. In the 2017 revision, the value was set at Rs 27 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a substantial rise of 270%. The most recent revision in 2024 brought the guideline value to Rs 103 per sq.ft, reflecting a 3% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Pallikuda Street. Overall, from 2017 to 2024, the guideline value has increased by 281%.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that have a guideline value for 2024, ranging from Rs 103 to Rs 115 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, which is equal to the current value of Pallikuda Street.

• Perumal Koil Street: Rs 103 per sq.ft (2024)
• Pudhupettai: Rs 103 per sq.ft (2024)
• Nadu Street: Rs 103 per sq.ft (2024)
• Nadu Attrankarai Street: Rs 103 per sq.ft (2024)
• Mela theru: Rs 103 per sq.ft (2024)
• Little India: Rs 115 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikuda Street

For a 1,000 sq.ft plot at the current rate of Rs 103 per sq.ft, the guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total to Rs 9,270. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallikuda Street?

The Sub Registrar Office that covers Pallikuda Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to assess the official value of the property, ensuring that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pallikuda Street?

The current guideline value of Pallikuda Street is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 27 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and it is now Rs 103 per sq.ft in 2024. This represents an overall increase of 281% from 2017 to 2024.

What are the other streets in Karasangal with their guideline values?

Other streets in Karasangal include Perumal Koil Street, Pudhupettai, Nadu Street, Nadu Attrankarai Street, Mela theru, and Little India, with values ranging from Rs 103 to Rs 115 per sq.ft for 2024.

What is the stamp duty for property in Pallikuda Street?

The stamp duty for property in Pallikuda Street is 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 7,210.

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

The Sub Registrar Office for Pallikuda Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.