Guideline Value for Pallipattu Salai Ward 8

Pallipattu Salai Ward 8 guideline value

The current guideline value of Pallipattu Salai Ward 8 is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Acharapakkam village and falls under the Acchirapakkam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Pallipattu Salai Ward 8 has changed

Starting from the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value rose to Rs 201 per sq.ft, which was a decrease of 33%. The value then saw a substantial increase to Rs 400 per sq.ft in the 2023 revision, reflecting a 99% rise. The 2024 revision has maintained the value at Rs 400 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of Pallipattu Salai Ward 8.

• Othavadai Street: Rs 400 per sq.ft (2024)
• Othavadai Extension Ward 8: Rs 400 per sq.ft (2024)
• Om Sakthi Nagar Ward 9: Rs 400 per sq.ft (2024)
• North Colony: Rs 250 per sq.ft (2024)
• Police Line Street Ward 11: Rs 400 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Pallipattu Salai Ward 8

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallipattu Salai Ward 8?

The Sub Registrar Office that covers Pallipattu Salai Ward 8 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, 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 government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Pallipattu Salai Ward 8?

The current guideline value of Pallipattu Salai Ward 8 is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What are the other streets in Acharapakkam with similar guideline values?

Other streets in Acharapakkam, such as Othavadai Street and Nehru Nagar, also have a guideline value of Rs 400 per sq.ft in 2024, similar to Pallipattu Salai Ward 8.

What are the stamp duty rates applicable in Pallipattu Salai Ward 8?

The stamp duty rate for property transactions in Pallipattu Salai Ward 8 is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pallipattu Salai Ward 8?

The Sub Registrar Office for Pallipattu Salai Ward 8 is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.