Guideline Value for Peria Pallaiyathamman Street

Peria Pallaiyathamman Street guideline value

The current guideline value of Peria Pallaiyathamman Street is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Peria Pallaiyathamman Street has changed

The guideline value for Peria Pallaiyathamman Street has been revised several times over the years. In the 2012 revision, the value was set at Rs 180 per sq.ft. This was followed by a decrease in the 2017 revision to Rs 121 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 1%.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO with a 2024 guideline value, ranging from Rs 181 to Rs 900 per sq.ft. The median value is Rs 181 per sq.ft, which is equal to the current guideline value of Peria Pallaiyathamman Street.

• Panruti Main Road: Rs 200 per sq.ft (2024)
• Palvaddi Street: Rs 181 per sq.ft (2024)
• Palnallur Road: Rs 181 per sq.ft (2024)
• PalliKooda Street: Rs 200 per sq.ft (2024)
• Palash: Rs 500 per sq.ft (2024)
• Ragala Kanni Theru: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Peria Pallaiyathamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty at 7% would amount to Rs 12,670, and the registration fee at 2% would be Rs 3,620, totaling Rs 16,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Peria Pallaiyathamman Street?

The Sub Registrar Office that covers Peria Pallaiyathamman Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of properties in Mettupalayam. When a property is sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Buyers and sellers must be aware that the guideline value is updated periodically, and it reflects the official valuation of properties in the area. It is essential to check the current guideline value before engaging in any property transactions to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Peria Pallaiyathamman Street?

The current guideline value of Peria Pallaiyathamman Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 181 per sq.ft in both 2023 and 2024. It was Rs 121 per sq.ft in 2017 and Rs 180 per sq.ft in 2012.

What is the land classification for Peria Pallaiyathamman Street?

Peria Pallaiyathamman Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Peria Pallaiyathamman Street is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties on this street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,81,000, the stamp duty would be Rs 12,670 at 7%.