Guideline Value for SILAMBU PALIYAM STREET

Silambu Paliyam Street guideline value

The current guideline value of Silambu Paliyam Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village, under the Pallipattu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Silambu Paliyam Street has changed

Since the 2017 revision, the guideline value for Silambu Paliyam Street has increased from Rs 167 per sq.ft to Rs 250 per sq.ft in 2024, marking an overall increase of 50%. The 2023 revision also recorded a guideline value of Rs 250 per sq.ft, indicating no change from the previous year.

For the years 2002, 2003, 2007, and 2012, the register has no figure for Silambu Paliyam Street. Therefore, the only revisions available are from 2017, 2023, and 2024, with the latter two showing a consistent rate.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that have a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. Silambu Paliyam Street's 2024 figure aligns with this median.

• Savatur (Or) Narayanareddykandugai: Rs 126 per sq.ft (2024)
• Sri Sairam Avn Nagar: Rs 275 per sq.ft (2024)
• Ranga Nadhar Street: Rs 250 per sq.ft (2024)
• Thanga Salai Street: Rs 250 per sq.ft (2024)
• Puduur Village: Rs 202 per sq.ft (2024)
• Thoppu Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Silambu Paliyam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Silambu Paliyam Street?

The Sub Registrar Office that covers Silambu Paliyam Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Podaturpet. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction and aids in the smooth processing of property registration.

Frequently asked questions

What is the current guideline value of Silambu Paliyam Street?

The current guideline value of Silambu Paliyam Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased by 50%, from Rs 167 per sq.ft to Rs 250 per sq.ft in 2024. The 2023 revision also recorded a value of Rs 250 per sq.ft, indicating no change from the previous year.

What are the other streets in Podaturpet with their guideline values?

Other streets in Podaturpet have varying guideline values. For example, Savatur (Or) Narayanareddykandugai is Rs 126 per sq.ft, while Sri Sairam Avn Nagar is Rs 275 per sq.ft.

What is the stamp duty rate for properties in Silambu Paliyam Street?

The stamp duty rate for properties in Silambu Paliyam Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Silambu Paliyam Street?

The Sub Registrar Office for Silambu Paliyam Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.