Guideline Value for Pallikuda Theru

Pallikuda Theru guideline value

The current guideline value of Pallikuda Theru is Rs 250 per sq.ft, effective from 1 July 2024. It is located in Nandimedu village, under the Sunguvarchattram SRO, classified as Residential Special Type - I.

How the guideline value of Pallikuda Theru has changed

Over the years, the guideline value of Pallikuda Theru has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision had a lower value of Rs 167 per sq.ft, marking a 33% decrease from the 2012 figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. The current revision in 2024 maintains this value, indicating no change from the previous year. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 250 per sq.ft.

Guideline values in Nandimedu

Nandimedu village has ten streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 250 per sq.ft. The median value for these streets is Rs 191 per sq.ft, placing Pallikuda Theru's value above this median.

• Periya Theru: Rs 250 per sq.ft (2024)
• Perumal koil street: Rs 200 per sq.ft (2024)
• Pillaiyar koil street: Rs 200 per sq.ft (2024)
• Puthu Theru: Rs 250 per sq.ft (2024)
• Mariamman koil street: Rs 175 per sq.ft (2024)
• Mariamman koil kuruku street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikuda Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallikuda Theru?

The Sub Registrar Office that covers Pallikuda Theru is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nandimedu. It is used to determine the stamp duty and registration fees payable during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to calculate the associated costs accurately.

When a property is sold, the guideline value is typically the basis for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property as determined by the registration department.

Frequently asked questions

What is the current guideline value of Pallikuda Theru?

The current guideline value of Pallikuda Theru is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a notable increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification of Pallikuda Theru?

Pallikuda Theru is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates applicable in Pallikuda Theru?

The stamp duty rate in Pallikuda Theru is 7% of the guideline value, while the registration fee is 2% of the guideline value.

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

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