Guideline Value for Periyapalayathamman Koil Street, Nagelkeni

Periyapalayathamman Koil Street, Nagelkeni guideline value

The current guideline value of Periyapalayathamman Koil Street, Nagelkeni 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, Nagelkeni has changed

The guideline value of Periyapalayathamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This value increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

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. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Periyapalayathamman Koil Street's 2024 figure below this median.

• Periyapalayathamman Koil Street, Lord Srinivasa Colony: 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, Nagelkeni

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, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Periyapalayathamman Koil Street, Nagelkeni?

The Sub Registrar Office that covers Periyapalayathamman Koil Street, Nagelkeni 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 details.

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

The guideline value is a crucial factor in property transactions in Pammal, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. Accurate knowledge of the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Periyapalayathamman Koil Street, Nagelkeni?

The current guideline value of Periyapalayathamman Koil Street, Nagelkeni 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 an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is higher than the current guideline value of Periyapalayathamman Koil Street.

What are the stamp duty and registration fees for 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. These fees are based on the guideline value.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Periyapalayathamman Koil Street, Nagelkeni is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.