Guideline Value for Pattukottai Alagiri Street

Pattukottai Alagiri Street guideline value

The current guideline value of Pattukottai Alagiri Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pattukottai Alagiri Street has changed

The guideline value for Pattukottai Alagiri Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision raised it further to Rs 1,650 per sq.ft, reflecting a 10% increase.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is the same as the current value for Pattukottai Alagiri Street.

• PattuKottai Alagiri Nagar: Rs 1,100 per sq.ft (2024)
• Pattinaththar Street: Rs 1,650 per sq.ft (2024)
• Patel St: Rs 1,650 per sq.ft (2024)
• Periyar 1-st Cross St: Rs 1,650 per sq.ft (2024)
• Periyar 2-nd Cross St: Rs 1,650 per sq.ft (2024)
• Periyar 2nd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pattukottai Alagiri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total 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, bringing the total cost for these fees to Rs 1,48,500. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Pattukottai Alagiri Street?

The Pattukottai Alagiri Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is taken into account to ensure that the appropriate fees are collected. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pattukottai Alagiri Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations for Pattukottai Alagiri Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Pattukottai Alagiri Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value in property transactions?

The guideline value is essential for calculating the stamp duty and registration fees during property transactions, ensuring that the correct amounts are collected based on standardized values.