Guideline Value for Pallikuda Street

Pallikuda Street guideline value

The current guideline value of Pallikuda Street in Mannoor village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Pallikuda Street has changed

The guideline value for Pallikuda Street has remained consistent at Rs 200 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, showing a significant increase of 49% from 2017 to 2023. The 2012 revision also had a guideline value of Rs 200 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has not changed.

For the years 2002, 2003, and 2007, the register has no figure for Pallikuda Street. The absence of values in these years highlights the fluctuations and revisions that have occurred in the guideline values over time.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value in the village is Rs 250 per sq.ft, placing Pallikuda Street's 2024 figure below this median.

• Palvadi Street: Rs 200 per sq.ft (2024)
• Pachiappan Nagar: Rs 250 per sq.ft (2024)
• Ochan street: Rs 250 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)
• Polatchiyamman Koil Street: Rs 200 per sq.ft (2024)
• Nemili Road: Rs 300 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 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 Mannoor

The guideline value is a critical factor when registering property transactions in Mannoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees based on the higher value between the guideline and the sale price. This ensures that the fees reflect the true value of the property transaction.

Frequently asked questions

What is the current guideline value of Pallikuda Street?

The current guideline value of Pallikuda Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pallikuda Street has remained at Rs 200 per sq.ft from 2023 to 2024. It increased from Rs 134 per sq.ft in 2017 to Rs 200 in 2023, representing a 49% rise.

What is the land classification for Pallikuda Street?

Pallikuda Street is classified as Residential Class III Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Pallikuda Street?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. Fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Pallikuda Street located?

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