Guideline Value for Pallikuda Street

Pallikuda Street guideline value

The current guideline value of Pallikuda Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village, under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pallikuda Street has changed

The guideline value for Pallikuda Street has remained consistent at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to 2023, the register has no figures for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

The 2024 revision marks the first recorded guideline value for Pallikuda Street, establishing it at Rs 400 per sq.ft. The 2023 revision also listed the value at Rs 400 per sq.ft, indicating stability in the guideline value over the last two years.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is equal to the guideline value of Pallikuda Street.

• Perumal Koil Street: Rs 400 per sq.ft (2024)
• Peyaridapadatha Manaipirivu: Rs 1,320 per sq.ft (2024)
• Nehru Street: Rs 300 per sq.ft (2024)
• Poongani Amman Nagar: Rs 100 per sq.ft (2024)
• Nehru Cross Street: Rs 100 per sq.ft (2024)
• Nayappakkam Salai: Rs 500 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mevaloorkuppam B. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the government’s assessment of the property’s worth, which helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Pallikuda Street?

The current guideline value of Pallikuda Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for properties on Pallikuda Street?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Pallikuda Street?

The registrations for Pallikuda Street are handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the median guideline value for streets in Mevaloorkuppam B?

The median guideline value for streets in Mevaloorkuppam B is Rs 400 per sq.ft. Pallikuda Street's guideline value is equal to this median.