Guideline Value for Parthasarathy Koil Kulam East St

Parthasarathy Koil Kulam East St guideline value

The current guideline value of Parthasarathy Koil Kulam East St is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Parthasarathy Koil Kulam East St has changed

The guideline value for Parthasarathy Koil Kulam East St has seen significant changes over the years. In 2002, the guideline value was Rs 1,066 per sq.ft. This increased to Rs 1,170 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 1,650 per sq.ft in 2007, reflecting a 41% increase. The 2012 revision saw the value jump to Rs 6,000 per sq.ft, which was a substantial 264% increase from the previous figure. However, this value dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 6,000 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, marking a 10% increase from the previous year. There are no figures available for the years not listed for this street.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which matches the current guideline value for Parthasarathy Koil Kulam East St.

• Parthasarathy Koil Kulam North Street: Rs 6,600 per sq.ft (2024)
• Parthasarathy Koil Kulam South Street: Rs 6,600 per sq.ft (2024)
• Parthasarathy Naidu Street: Rs 6,600 per sq.ft (2024)
• Parthasarathy Swamy Lane: Rs 6,600 per sq.ft (2024)
• Parthasarathy Swamy Street: Rs 6,600 per sq.ft (2024)
• Pattulos Road: Rs 16,500 per sq.ft (2024)

Stamp duty and registration fee for property in Parthasarathy Koil Kulam East St

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Parthasarathy Koil Kulam East St?

The Sub Registrar Office that covers Parthasarathy Koil Kulam East St is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that are payable at the time of registration.

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 duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Parthasarathy Koil Kulam East St?

The current guideline value of Parthasarathy Koil Kulam East St is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,066 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 519% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Parthasarathy Koil Kulam East St is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Parthasarathy Koil Kulam East St is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What other streets have the same guideline value in Triplicane?

Other streets in Triplicane, such as Parthasarathy Koil Kulam North Street, Parthasarathy Koil Kulam South Street, and others, also have a guideline value of Rs 6,600 per sq.ft in 2024.