Guideline Value for Pallikuda Street

Pallikuda Street guideline value

The current guideline value of Pallikuda Street in Puthuper village, under the Sriperumpudur SRO, is Rs 150 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pallikuda Street has changed

In the 2012 revision, the guideline value for Pallikuda Street was set at Rs 150 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, the 2017 revision saw a decrease to Rs 100 per sq.ft, which was a drop of 33% from the previous figure. The 2023 revision brought it back to Rs 150 per sq.ft, maintaining this value into the 2024 revision.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 150 per sq.ft. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft. The register has no figure for Pallikuda Street in the revisions of 2002, 2003, and 2007.

Guideline values in Puthuper

Puthuper village has 39 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,350 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, making Pallikuda Street's current figure below that median.

• Pallavan Nagar: Rs 520 per sq.ft (2024)
• Perumal Koil Street: Rs 150 per sq.ft (2024)
• Muthu Mariyamman Koil Street: Rs 150 per sq.ft (2024)
• Muthu Mariyamman Koil Cross Street: Rs 100 per sq.ft (2024)
• Meenakshi Amman Nagar: Rs 200 per sq.ft (2024)
• Royal City: Rs 400 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and 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 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 Puthuper

The guideline value is a crucial factor in the registration process when buying or selling property in Puthuper. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees are based on a fair valuation of the property being transferred.

Frequently asked questions

What is the current guideline value of Pallikuda Street?

The current guideline value of Pallikuda Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 150 per sq.ft. Notably, it increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

What is the land classification for Pallikuda Street?

Pallikuda Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,50,000 would incur a stamp duty of Rs 10,500 at 7%.

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. You can find more details online.