Guideline Value for Puttalaman Koil St (Pandaram St)

Puttalaman Koil St (Pandaram St) guideline value

The current guideline value of Puttalaman Koil St (Pandaram St) is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Perampakkam village, under the Perambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Puttalaman Koil St (Pandaram St) has changed

The guideline value for Puttalaman Koil St (Pandaram St) has seen several revisions over the years. The 2007 revision listed a figure of Rs 3,00,000 per sq.ft, which was a significant amount. However, this was followed by a drastic change in the 2012 revision, where the value dropped to Rs 350 per sq.ft, marking a -100% change. The 2017 revision then increased the value to Rs 234 per sq.ft, reflecting a +50% change from the previous revision. The 2023 revision maintained the value at Rs 350 per sq.ft, and the current 2024 revision also holds this figure, indicating no change from the previous year.

It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has decreased by -100%.

Guideline values in Perampakkam

In Perampakkam, there are 20 streets under the Perambakkam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 350 per sq.ft. Puttalaman Koil St (Pandaram St) aligns with this median at Rs 350 per sq.ft.

• Pettai St: Rs 350 per sq.ft (2024)
• Perumal Koil St: Rs 400 per sq.ft (2024)
• Sathya Sai Nagar: Rs 300 per sq.ft (2024)
• Nallathamman Koil St: Rs 326 per sq.ft (2024)
• Mudaliar St: Rs 200 per sq.ft (2024)
• MGR Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Puttalaman Koil St (Pandaram St)

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, while the registration fee at 2% would be Rs 7,000, bringing the total fees together to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puttalaman Koil St (Pandaram St)?

The Sub Registrar Office that covers Puttalaman Koil St (Pandaram St) is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process for property transactions in Perampakkam. It determines the minimum value at which a 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 serves as a benchmark for calculating the applicable fees. Buyers need to be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price, which ensures compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Puttalaman Koil St (Pandaram St)?

The current guideline value of Puttalaman Koil St (Pandaram St) is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2007 figure at Rs 3,00,000 per sq.ft dropping to Rs 350 per sq.ft in 2012, and then fluctuating to Rs 234 per sq.ft in 2017. The values for 2023 and 2024 are both Rs 350 per sq.ft.

Where can I find the Sub Registrar Office for Puttalaman Koil St (Pandaram St)?

The Sub Registrar Office for Puttalaman Koil St (Pandaram St) is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or the sale price, whichever is higher.

What is the land classification for Puttalaman Koil St (Pandaram St)?

Puttalaman Koil St (Pandaram St) is classified as Residential Class II Type - I, which indicates its suitability for residential development.