Guideline Value for Pallikuda Street

Pallikuda Street guideline value

The current guideline value of Pallikuda Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pennaloor village, 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 of Pallikuda Street has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 200 per sq.ft. In the 2017 revision, the value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 49% back to Rs 200 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that the register has no figures for Pallikuda Street for the years 2002, 2003, and 2007. Therefore, the only recorded revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Pennaloor

Pennaloor village has a total of 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,200 per sq.ft. The median value of these streets is Rs 200 per sq.ft, which is equal to the guideline value of Pallikuda Street.

• Palvadi Street: Rs 200 per sq.ft (2024)
• Perumal Nagar: Rs 200 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 100 per sq.ft (2024)
• Nehru Street: Rs 100 per sq.ft (2024)
• Power Grid Colony: Rs 200 per sq.ft (2024)
• Prasanthi Nagar - I: 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

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 Pennaloor

The guideline value is a crucial factor when registering property transactions in Pennaloor. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When buyers and sellers engage in a transaction, the guideline value is used to calculate the necessary fees, ensuring compliance with local regulations. It is essential for all parties involved to be aware of the current 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 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and remains the same in 2024.

What is the land classification of Pallikuda Street?

Pallikuda Street is classified as Residential Class III Type - I.

Where can I find the registration office for Pallikuda Street?

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

How is the stamp duty calculated for property in Pallikuda Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would amount to Rs 18,000.