Guideline Value for Periyapalayathamman Koil Street

Periyapalayathamman Koil Street guideline value

The current guideline value of Periyapalayathamman Koil Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Periyapalayathamman Koil Street has changed

The guideline value for Periyapalayathamman Koil Street has seen several revisions over the years. In 2003, the guideline value was Rs 192 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a change of +213%. The value further rose to Rs 2,000 per sq.ft in 2012, which was an increase of +233%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of -33%. The most recent revision in 2024 set the guideline value at Rs 2,160 per sq.ft, which is an increase of +61% from the 2017 figure. Overall, from 2003 to 2024, the guideline value has increased by +1025%.

It is important to note that there are no figures available for the revisions in 2002 and 2023 for Periyapalayathamman Koil Street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, making the current value of Periyapalayathamman Koil Street below that median.

• Peethambaram Street: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street & Extn.: Rs 3,300 per sq.ft (2024)
• Perumal Nagar: Rs 2,750 per sq.ft (2024)
• Perumal Nagar 5th Main Road: Rs 2,750 per sq.ft (2024)
• Perumal Nagar Ext: Rs 2,750 per sq.ft (2024)
• Pidhambaram Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Periyapalayathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200. Together, the total cost for these fees would be Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Periyapalayathamman Koil Street?

The Sub Registrar Office that covers Periyapalayathamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value helps establish a baseline for the transaction. Buyers and sellers can refer to the guideline value to negotiate and finalize the sale price, ensuring that it aligns with the official rates set by the government.

Frequently asked questions

What is the current guideline value of Periyapalayathamman Koil Street?

The current guideline value of Periyapalayathamman Koil Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased by +1025%, with significant changes occurring in various revisions, including a +61% increase from 2017 to 2024.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, with Periyapalayathamman Koil Street's current value being below this median.

What are the stamp duty and registration fees for property in Periyapalayathamman Koil Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,94,400.

Where is the Sub Registrar Office for Periyapalayathamman Koil Street located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.