Guideline Value for Periyapalaiyathamman Koil St.(E),

Periyapalaiyathamman Koil St.(E), guideline value

The current guideline value of Periyapalaiyathamman Koil St.(E), in Issa Pallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Periyapalaiyathamman Koil St.(E), has changed

The guideline value for Periyapalaiyathamman Koil St.(E), has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from Rs 2,010 per sq.ft in 2017. The 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest revision in 2024 raised it to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Between 2017 and 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Issa Pallavaram

In Issa Pallavaram, 110 streets under the Pallavaram SRO have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with the median being Rs 3,300 per sq.ft. Periyapalaiyathamman Koil St.(E), aligns with this median value.

• Pillaiyar Koil Street: Rs 3,850 per sq.ft (2024)
• Pammal Road (MAIN): Rs 4,400 per sq.ft (2024)
• Ponds Colony/Company: Rs 4,400 per sq.ft (2024)
• P.P.Amman Koil St, Western Portion: Rs 3,300 per sq.ft (2024)
• Pudu Street: Rs 4,400 per sq.ft (2024)
• Ottar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyapalaiyathamman Koil St.(E),

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Periyapalaiyathamman Koil St.(E),?

The Sub Registrar Office that covers Periyapalaiyathamman Koil St.(E), is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor in property transactions in Issa Pallavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to consult the guideline value to ensure compliance with local regulations. This value serves as a benchmark for assessing the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Periyapalaiyathamman Koil St.(E),?

The current guideline value of Periyapalaiyathamman Koil St.(E), is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, which is a 10% increase. The value was Rs 2,010 per sq.ft in 2017, indicating a significant increase of 49% by 2023.

What is the land classification for this street?

Periyapalaiyathamman Koil St.(E), is classified as Residential Class I Type - II. This classification affects the guideline value and property usage.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. This office handles registrations for properties in the area.