Guideline Value for Pallvadi Street

Pallvadi Street guideline value

The current guideline value of Pallvadi Street is Rs 150 per sq.ft. This street is located in Athivakkam village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pallvadi Street has changed

The guideline value for Pallvadi Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% drop. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The 2024 revision also maintains this figure at Rs 150 per sq.ft, resulting in no overall change from 2012 to 2024.

There are no figures available for Pallvadi Street in the 2002, 2003, and 2007 revisions.

Guideline values in Athivakkam

In Athivakkam, five streets under the Sunguvarchattram SRO have a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft, with a median of Rs 150 per sq.ft. Pallvadi Street's 2024 figure is equal to this median.

• Perumal Kovil Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Green Farm House & Resorts: Rs 200 per sq.ft (2024)
• EriKarai Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Pallvadi Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. 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 Pallvadi Street?

The Sub Registrar Office that covers Pallvadi 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 information.

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

The guideline value is an essential factor when buying or selling property in Athivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Pallvadi Street?

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

How has the guideline value changed over the years?

The guideline value for Pallvadi Street was Rs 150 per sq.ft in 2012, decreased to Rs 100 per sq.ft in 2017, and then increased back to Rs 150 per sq.ft in both 2023 and 2024.

What is the land classification for Pallvadi Street?

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

Where is the Sub Registrar Office for Pallvadi Street located?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 13,500 based on the current guideline value.