Guideline Value for Pallikuda Street

Pallikuda Street guideline value

The current guideline value of Pallikuda Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Ulunthai village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pallikuda Street has changed

The guideline value for Pallikuda Street has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 100 per sq.ft. However, the value increased by 50% to Rs 150 per sq.ft in the 2023 revision. The current 2024 revision maintains this value at Rs 150 per sq.ft, reflecting no change from the previous year.

It is important to note that the register has no figures for Pallikuda Street in the years 2002, 2003, and 2007. Therefore, the changes between the revisions are only noted from 2012 onwards.

Guideline values in Ulunthai

In Ulunthai, there are 27 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is equal to the 2024 figure for Pallikuda Street.

• Palla Street: Rs 150 per sq.ft (2024)
• Nadu Street: Rs 150 per sq.ft (2024)
• Muthiriyar Street: Rs 150 per sq.ft (2024)
• Ramar Koil Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Rangapuram Street: Rs 150 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 amounts to Rs 1,50,000. The stamp duty is charged at 7%, which is Rs 10,500, and the registration fee is 2%, amounting to Rs 3,000. Therefore, the total fees together would be Rs 13,500. It is essential to note that the 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ulunthai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transfer.

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 changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification of Pallikuda Street?

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

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

The Sub Registrar Office for Pallikuda Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 150 per sq.ft would incur a stamp duty of Rs 10,500.