Guideline Value for Periyapalayathamman Koil Street, Lord Srinivasa Colony

Periyapalayathamman Koil Street, Lord Srinivasa Colony guideline value

The current guideline value of Periyapalayathamman Koil Street, Lord Srinivasa Colony is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Periyapalayathamman Koil Street, Lord Srinivasa Colony has changed

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision saw the guideline value increase to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 64%, moving from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Periyapalayathamman Koil Street's 2024 figure below that median.

• Periyapalayathamman Koil Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Periyapalaythan Koil Street / Kalayanipuram: Rs 1,980 per sq.ft (2024)
• Periyar Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Periyar Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Pasumpon Nagar Last cross Street: Rs 1,980 per sq.ft (2024)
• Pasumpon Nagar Extn.,: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Periyapalayathamman Koil Street, Lord Srinivasa Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyapalayathamman Koil Street, Lord Srinivasa Colony?

The Sub Registrar Office that covers Periyapalayathamman Koil Street, Lord Srinivasa Colony is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is used as a benchmark for property transactions in Pammal. When buying or selling property, the guideline value helps determine the stamp duty and registration fees applicable to the transaction.

It is crucial for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of property transactions. Accurate knowledge of the guideline value ensures that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Periyapalayathamman Koil Street?

The current guideline value of Periyapalayathamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200. Duty is charged on the higher of the guideline value and the sale price.

Which office handles property registration for this street?

The Pammal Sub Registrar Office is responsible for property registration for Periyapalayathamman Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value serves as a reference point for calculating stamp duty and registration fees during property transactions. It is essential for both buyers and sellers to understand this value to ensure compliance with legal requirements.