Guideline Value for Periyapallaiyathamman Kovil Street

Periyapallaiyathamman Kovil Street guideline value

The current guideline value of Periyapallaiyathamman Kovil Street is Rs 200 per sq.ft. It is located in Vada Mangalam village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Periyapallaiyathamman Kovil Street has changed

Looking at the revisions, the 2012 guideline value was Rs 200 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision saw a decrease to Rs 134 per sq.ft, marking a -33% change from the 2012 figure. Following this, the value rose significantly to Rs 200 per sq.ft in 2023, reflecting a +49% increase from the 2017 revision. The 2024 revision has kept the guideline value steady at Rs 200 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Periyapallaiyathamman Kovil Street in the register. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 200 per sq.ft.

Guideline values in Vada Mangalam

In Vada Mangalam, there are 23 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Periyapallaiyatham Kovil Street below this median.

• N.S.K Salai: Rs 350 per sq.ft (2024)
• Narayana Nagar-II: Rs 350 per sq.ft (2024)
• Mooventhar Street: Rs 200 per sq.ft (2024)
• M.G.R Street: Rs 200 per sq.ft (2024)
• Sanarpandai Muslim Kudiiruppu: Rs 250 per sq.ft (2024)
• M.B.C Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Periyapallaiyathamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges together to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyapallaiyathamman Kovil Street?

The Sub Registrar Office covering Periyapallaiyathamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Vada Mangalam. It is used as a reference point for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with government regulations during the registration process.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct amount of revenue based on the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of Periyapallaiyathamman Kovil Street?

The current guideline value of Periyapallaiyathamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. The value was Rs 134 per sq.ft in 2017, which was a decrease from Rs 200 per sq.ft in 2012.

What is the land classification for Periyapallaiyathamman Kovil Street?

Periyapallaiyathamman Kovil Street is classified as Residential Class II Type - I under the guideline value register.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Periyapallaiyathamman Kovil Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vada Mangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft would incur a total guideline value of Rs 2,00,000, leading to stamp duty and registration fees based on this amount.