Guideline Value for Pallikuda Street

Pallikuda Street guideline value

The current guideline value of Pallikuda Street is Rs 110 per sq.ft, effective from 1 July 2024. This street is located in Kannanthangal village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Pallikuda Street has changed

The guideline value for Pallikuda Street has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. Following that, the value increased to Rs 100 per sq.ft in the 2023 revision and further rose to the current value of Rs 110 per sq.ft in the 2024 revision.

Between these revisions, the changes were significant. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Kannanthangal

Kannanthangal village has 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 900 per sq.ft. Pallikuda Street's current value of Rs 110 per sq.ft is equal to the median value of the village.

• Oththavadai Street: Rs 110 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• M.G.R.Street: Rs 110 per sq.ft (2024)
• Reddiyar Street: Rs 126 per sq.ft (2024)
• Mahidhara Supreme Elegant: Rs 900 per sq.ft (2024)
• Sanar Kuttai Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikuda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total cost to Rs 9,900. Please 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 on fees.

Which Sub Registrar Office covers Pallikuda Street?

The Sub Registrar Office covering Pallikuda Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the property registration process in Kannanthangal. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pallikuda Street?

The current guideline value of Pallikuda Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and currently stands at Rs 110 per sq.ft in 2024.

What is the land classification for Pallikuda Street?

Pallikuda Street is classified as Residential Class II Type - I under the guidelines of the Sriperumpudur SRO.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Pallikuda Street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Pallikuda Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.