Guideline Value for Pattammal Colony

Pattammal Colony guideline value

The current guideline value for Pattammal Colony, located in Kilkattalai village under the Pallavaram SRO, is Rs 2,160 per sq.ft as per the 2024 revision. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pattammal Colony has changed

The guideline value for Pattammal Colony has seen several revisions over the years. In 2003, the value was Rs 143 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. The value then rose dramatically by 567% to reach Rs 2,000 per sq.ft in 2012. However, it dropped by 33% to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, which then increased by 8% to the current value of Rs 2,160 per sq.ft effective from 1 July 2024.

There is no guideline value figure available for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,410%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, indicating that Pattammal Colony's 2024 figure is below the median.

• Parri Colony: Rs 2,530 per sq.ft (2024)
• Pandiyan Nagar: Rs 2,160 per sq.ft (2024)
• Periya Street (Kabali Street): Rs 2,530 per sq.ft (2024)
• Pallavarm Thuraipakkam Radieal Road: Rs 3,300 per sq.ft (2024)
• Pallavaram Duraipakkam Link Road (200 Feet Road): Rs 3,300 per sq.ft (2024)
• Pallavan Nagar 1 To 3 Cross Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pattammal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total fees to Rs 1,94,400. 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 information.

Which Sub Registrar Office covers Pattammal Colony?

The Pattammal Colony area is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to prevent underreporting of sale prices. This value is used by the registration department to assess taxes and fees associated with property transactions.

Frequently asked questions

What is the current guideline value of Pattammal Colony?

The current guideline value of Pattammal Colony is Rs 2,160 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 143 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of 1,410% over this period.

What is the land classification for Pattammal Colony?

The land classification for Pattammal Colony is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Pattammal Colony?

The Sub Registrar Office covering Pattammal Colony is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for property in Pattammal Colony?

Stamp duty is calculated based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,51,200.