Guideline Value for Pidhambaram Street

Pidhambaram Street guideline value

The current guideline value of Pidhambaram Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pidhambaram Street has changed

The guideline value for Pidhambaram Street has seen several revisions over the years. The earliest recorded guideline value was Rs 481 per sq.ft in 2003, which increased to Rs 800 per sq.ft in 2007, marking a significant rise of 66%. The value remained unchanged at Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 saw an increase to Rs 2,750 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2017 for Pidhambaram Street. Overall, from 2003 to 2024, the guideline value has increased by 472%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with 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, indicating that Pidhambaram Street's 2024 figure is below this median.

• Pillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Perumal Nagar Ext: Rs 2,750 per sq.ft (2024)
• Perumal Nagar 5th Main Road: Rs 2,750 per sq.ft (2024)
• Pillaiyar Koil Street (Near Bramin St): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Pachaiyappan Colony): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Zamin Royapettah Kuruji Nagar): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pidhambaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pidhambaram Street?

The Sub Registrar Office that covers Pidhambaram Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role during the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pidhambaram Street?

The current guideline value of Pidhambaram Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 481 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024. Notably, there were no changes recorded for the years 2012 and 2023.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft. Pidhambaram Street's 2024 value is below this median.

What are the stamp duty and registration fees for properties in Pidhambaram Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Pidhambaram Street?

The Pallavaram Sub Registrar Office handles registrations for Pidhambaram Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.