Guideline Value for Pattulos Road

Pattulos Road guideline value

The current guideline value of Pattulos Road is Rs 16,500 per sq.ft, effective from 1 July 2024. This road is located in Triplicane village and falls under the Triplicane SRO, with a land classification of Commercial Special Type - III.

How the guideline value of Pattulos Road has changed

The guideline value for Pattulos Road has seen significant changes over the years. In the 2002 revision, the value was Rs 2,175 per sq.ft. This figure increased to Rs 3,000 per sq.ft in 2003, marking a rise of 38%. The 2007 revision saw a substantial jump to Rs 5,430 per sq.ft, an increase of 81%. The value then rose sharply to Rs 15,000 per sq.ft in 2012, reflecting a growth of 176% from the previous revision. However, in 2017, the guideline value decreased to Rs 10,050 per sq.ft, a decline of 33%. The value increased again to Rs 15,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 16,500 per sq.ft, a rise of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 659%. There are no figures available for revisions in years other than those mentioned.

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, making the guideline value of Pattulos Road above that median.

• Parthasarathy Swamy Street: Rs 6,600 per sq.ft (2024)
• Parthasarathy Swamy Lane: Rs 6,600 per sq.ft (2024)
• Parthasarathy Naidu Street: Rs 6,600 per sq.ft (2024)
• Parthasarathy Koil Kulam South Street: Rs 6,600 per sq.ft (2024)
• Parthasarathy Koil Kulam North Street: Rs 6,600 per sq.ft (2024)
• Parthasarathy Koil Kulam East St: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pattulos Road

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total guideline value would be Rs 1,65,00,000. The stamp duty at 7% would amount to Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, leading to a total cost of Rs 14,85,000. 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 Pattulos Road?

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

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 the basis for calculating the stamp duty and registration fees, which are mandatory for any property transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a value recognized by the government. This value is used to determine the applicable taxes and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pattulos Road?

The current guideline value of Pattulos Road is Rs 16,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 2,175 per sq.ft in 2002 to Rs 16,500 per sq.ft in 2024, reflecting a total increase of 659% over the years.

What is the land classification of Pattulos Road?

Pattulos Road is classified as Commercial Special Type - III, according to the land classification details.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total cost would be Rs 14,85,000.

Where is the Sub Registrar Office for Pattulos Road located?

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