Guideline Value for Periyapalaythan Koil Street / Kalayanipuram

Periyapalaythan Koil Street / Kalayanipuram guideline value

The current guideline value of Periyapalaythan Koil Street / Kalayanipuram 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 Periyapalaythan Koil Street / Kalayanipuram has changed

The guideline value for this street has seen significant changes over the years. In 2002, the value was Rs 174 per sq.ft, which increased to Rs 197 per sq.ft in 2003, marking a rise of 13%. The value continued to grow, reaching Rs 570 per sq.ft in 2007, which represented a substantial increase of 189%. By 2017, the value had further escalated to Rs 1,206 per sq.ft, showing an impressive growth of 112%. The 2023 revision recorded a guideline value of Rs 1,800 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, which is a 10% increase from 2023.

It is important to note that there is no figure available for the 2012 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,038%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, placing the current value of Periyapalaythan Koil Street / Kalayanipuram below this median.

• Periyapalayathamman Koil Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Periyapalayathamman Koil Street, Lord Srinivasa Colony: 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 Periyapalaythan Koil Street / Kalayanipuram

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, bringing the total cost for these fees to Rs 1,78,200. It is essential to note that 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 further calculations.

Which Sub Registrar Office covers Periyapalaythan Koil Street / Kalayanipuram?

The Sub Registrar Office that covers Periyapalaythan Koil Street / Kalayanipuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 a critical factor when registering property transactions in Pammal. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. Buyers should be aware that the guideline value may differ from the actual sale price, but the registration will be based on the higher of the two values.

Frequently asked questions

What is the current guideline value of Periyapalaythan Koil Street / Kalayanipuram?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 174 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, which represents an overall increase of 1,038%.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which means that the guideline value of Periyapalaythan Koil Street / Kalayanipuram is below this median.

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.

Which office handles registrations for Periyapalaythan Koil Street / Kalayanipuram?

The Pammal Sub Registrar Office handles registrations for Periyapalaythan Koil Street / Kalayanipuram, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.