Guideline Value for Pathiyalpeettai

Pathiyalpeettai guideline value

The current guideline value of Pathiyalpeettai is Rs 1,650 per sq.ft, effective from 1 July 2024. This village falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Pathiyalpeettai has changed

Over the years, the guideline value of Pathiyalpeettai has seen significant changes. The 2007 revision set the value at Rs 200 per sq.ft, which then increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, the value dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The guideline value then rose to Rs 1,500 per sq.ft in 2023, and most recently, it increased by 10% to Rs 1,650 per sq.ft in the 2024 revision.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Pathiyalpeettai is above this median.

• Paventhar Street: Rs 1,320 per sq.ft (2024)
• Periyakuppam Colony: Rs 880 per sq.ft (2024)
• Parimelalakar Street: Rs 1,100 per sq.ft (2024)
• Panagal Street: Rs 2,750 per sq.ft (2024)
• Periyathambi Street: Rs 1,100 per sq.ft (2024)
• Pallavan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pathiyalpeettai

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Pathiyalpeettai?

The Sub Registrar Office that covers Pathiyalpeettai is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thiruvallur. It determines the minimum value at which a property can be sold and is used to calculate stamp duty and registration fees during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as set by the Registration Department. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Pathiyalpeettai?

The current guideline value of Pathiyalpeettai is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 725%, from Rs 200 per sq.ft to Rs 1,650 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 1,005 per sq.ft, which was a decrease from the previous revision in 2012.

What is the registration office for Pathiyalpeettai?

The registration office for Pathiyalpeettai is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.