Guideline Value for Pallikuda Street

Pallikuda Street guideline value

The current guideline value of Pallikuda Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Pallikuda Street has changed

Over the years, the guideline value of Pallikuda Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision saw a decrease to Rs 201 per sq.ft, marking a -33% change from the 2012 figure. From 2017 to 2023, the value increased by 49% to return to Rs 300 per sq.ft.

The most recent 2024 revision also maintains the value at Rs 300 per sq.ft, showing no change from the previous year. The register has no figures for Pallikuda Street for the years 2002, 2003, and 2007.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for the village is Rs 400 per sq.ft, placing Pallikuda Street's 2024 figure below this median.

• Pillaiyar Koil Street: Rs 300 per sq.ft (2024)
• Puthu Street: Rs 300 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Rajeswari Nagar: Rs 400 per sq.ft (2024)
• Rajiv Gandhi Main Road: Rs 505 per sq.ft (2024)
• Rajiv Gandhi Street: 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to 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.

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 Thandalam

The guideline value plays a crucial role in the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is assessed, and the relevant duties are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Pallikuda Street?

The current guideline value of Pallikuda Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from the 2012 revision to the 2024 revision, with a previous decrease to Rs 201 per sq.ft in 2017. The value increased by 49% from 2017 to 2023.

What is the median guideline value in Thandalam?

The median guideline value in Thandalam is Rs 400 per sq.ft. Pallikuda Street's 2024 figure is below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same value.

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

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