Guideline Value for Palnallur Road

Palnallur Road guideline value

The current guideline value of Palnallur Road is Rs 181 per sq.ft, effective from 1 July 2024. This road is located in Mettupalayam village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Palnallur Road has changed

The guideline value for Palnallur Road has seen several revisions over the years. The 2012 revision set the value at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft. The 2023 revision maintained this value, and the current 2024 revision also remains at Rs 181 per sq.ft, indicating no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by just 1%.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 900 per sq.ft. The median value is Rs 181 per sq.ft, which is equal to the guideline value of Palnallur Road.

• Palvaddi Street: Rs 181 per sq.ft (2024)
• PalliKooda Street: Rs 200 per sq.ft (2024)
• Panruti Main Road: Rs 200 per sq.ft (2024)
• Palash: Rs 500 per sq.ft (2024)
• Peria Pallaiyathamman Street: Rs 181 per sq.ft (2024)
• Ragala Kanni Theru: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Palnallur Road

For a 1,000 sq.ft plot at the current rate of Rs 181 per sq.ft, the guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, totaling Rs 16,290. Please 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 details.

Which Sub Registrar Office covers Palnallur Road?

The Sub Registrar Office that covers Palnallur Road 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 Mettupalayam

The guideline value is a critical factor in the registration process when buying or selling property in Mettupalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Palnallur Road?

The current guideline value of Palnallur Road is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in 2023 and remains the same in 2024.

What are the other streets in Mettupalayam with their guideline values?

Other streets in Mettupalayam include Palvaddi Street at Rs 181 per sq.ft, PalliKooda Street at Rs 200 per sq.ft, Panruti Main Road at Rs 200 per sq.ft, Palash at Rs 500 per sq.ft, Peria Pallaiyathamman Street at Rs 181 per sq.ft, and Ragala Kanni Theru at Rs 181 per sq.ft.

What is the stamp duty for a property on Palnallur Road?

The stamp duty for a property on Palnallur Road is 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 12,670.

Where can I find the Sub Registrar Office for Palnallur Road?

The Sub Registrar Office for Palnallur Road is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information by visiting the appropriate link.