Guideline Value for TELUGU PALLIKOODA ST

Telugu Pallikooda St guideline value

The current guideline value of Telugu Pallikooda St is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Telugu Pallikooda St has changed

The guideline value for Telugu Pallikooda St has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in the 2017 revision, which was a reduction of 33%. In 2023, the value increased to Rs 900 per sq.ft again, and in the latest revision for 2024, it rose to Rs 990 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Telugu Pallikooda St aligns with this median.

• Thiruvallur St: Rs 990 per sq.ft (2024)
• Sri Sabthagiri Nagar: Rs 990 per sq.ft (2024)
• Sri Ramakrishna Nagar: Rs 990 per sq.ft (2024)
• Varadharajan St: Rs 990 per sq.ft (2024)
• Velayudham St: Rs 1,980 per sq.ft (2024)
• Shanthi Terrains: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Telugu Pallikooda St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Telugu Pallikooda St?

The Sub Registrar Office that covers Telugu Pallikooda St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Paleripattu, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Telugu Pallikooda St?

The current guideline value of Telugu Pallikooda St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 9,90,000, the stamp duty is Rs 69,300, and the registration fee is Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers Telugu Pallikooda St?

The Avadi Sub Registrar Office covers Telugu Pallikooda St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Telugu Pallikooda St?

Telugu Pallikooda St is classified as Residential Class II Type - I, indicating its suitability for residential development.