Guideline Value for Parthasarathy Koil Kulam North Street

Parthasarathy Koil Kulam North Street guideline value

The current guideline value of Parthasarathy Koil Kulam North Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Parthasarathy Koil Kulam North Street has changed

The guideline value for Parthasarathy Koil Kulam North Street has undergone several revisions over the years. The earliest recorded value was Rs 674 per sq.ft in 2002. This increased to Rs 740 per sq.ft in 2003, marking a 10% rise. Following this, the value saw a significant increase to Rs 1,650 per sq.ft in 2007, which was a 123% change. In 2012, the value was recorded at Rs 6,000 per sq.ft, reflecting a remarkable 264% increase from the previous revision. However, this value decreased to Rs 4,020 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 6,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions of this street in certain years. The values from the revisions highlight the fluctuations in guideline values over time.

Guideline values in Triplicane

In Triplicane, 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 for these streets is Rs 6,600 per sq.ft, which is equal to the 2024 guideline value for Parthasarathy Koil Kulam North Street.

• Parthasarathy Koil Kulam East St: 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 North Street

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 fees together 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Parthasarathy Koil Kulam North Street?

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

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

The guideline value is a critical factor when buying or selling property in Triplicane. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value helps ensure that the transaction is documented accurately and fairly. This value serves as a reference point for both buyers and sellers, providing transparency in property dealings.

Frequently asked questions

What is the current guideline value of Parthasarathy Koil Kulam North Street?

The current guideline value of Parthasarathy Koil Kulam North Street 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 from Rs 674 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 879% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles property registrations in Triplicane?

The Triplicane Sub Registrar Office handles property registrations in Triplicane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

Are there other streets with the same guideline value in Triplicane?

Yes, there are several other streets in Triplicane that share the same guideline value of Rs 6,600 per sq.ft, including Parthasarathy Koil Kulam East St, South Street, Naidu Street, Swamy Lane, and Swamy Street.