Guideline Value for Pazhaniyadiyamman Koil Street

Pazhaniyadiyamman Koil Street guideline value

The current guideline value of Pazhaniyadiyamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Pazhaniyadiyamman Koil Street has changed

The guideline value for Pazhaniyadiyamman Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 160 per sq.ft, which increased to Rs 180 per sq.ft in 2003, marking a 13% rise. Following this, the value surged significantly to Rs 1,000 per sq.ft in 2007, reflecting a 456% increase. The 2012 revision brought the value to Rs 2,000 per sq.ft, which was a 100% increase from the previous figure.

From 2012 to 2017, the guideline value decreased to Rs 1,340 per sq.ft, showing a decline of 33%. However, the value rebounded to Rs 2,000 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a 10% rise from the previous year. There are no figures available for the revisions in years not listed in the register.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Pazhaniyadiyamman Koil Street's 2024 figure below that median.

• Pathala Vinayagar Koil Street/Muthu Nagar Layout: Rs 3,900 per sq.ft (2024)
• Parthiban Street main: Rs 2,800 per sq.ft (2024)
• Parthiban Cross Street: Rs 2,800 per sq.ft (2024)
• Periyar Street: Rs 2,200 per sq.ft (2024)
• Perumal 1st Street: Rs 2,800 per sq.ft (2024)
• Perumal Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pazhaniyadiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 Pazhaniyadiyamman Koil Street?

The Pazhaniyadiyamman Koil Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property in Ullagaram, the guideline value is used to determine the minimum value at which the property can be registered. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pazhaniyadiyamman Koil Street?

The current guideline value of Pazhaniyadiyamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1275% over the years.

What is the median guideline value for streets in Ullagaram?

The median guideline value for streets in Ullagaram is Rs 2,800 per sq.ft, with Pazhaniyadiyamman Koil Street's 2024 figure being below this median.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Pazhaniyadiyamman Koil Street?

The Alandur Sub Registrar Office handles property registrations for Pazhaniyadiyamman Koil Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.