Guideline Value for EAST PILLAYAR KOIL STREET

East Pillayar Koil Street guideline value

The current guideline value of East Pillayar Koil Street is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Karunguzhi village, under the Madurandakam SRO, with a land classification of Mixed Type - I.

How the guideline value of East Pillayar Koil Street has changed

Over the years, the guideline value for East Pillayar Koil Street has seen several revisions. The earliest recorded figure is from 2007, which was Rs 80 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a significant rise of 400%. However, in 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The value then rose again to Rs 400 per sq.ft in 2023, before reaching the current figure of Rs 401 per sq.ft in 2024, which shows no change from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, the increase is 401%.

Guideline values in Karunguzhi

In Karunguzhi village, there are 37 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 401 to Rs 1,000 per sq.ft. The median value is Rs 401 per sq.ft, which is equal to the guideline value of East Pillayar Koil Street.

• Eri Colony: Rs 401 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 401 per sq.ft (2024)
• Gnananbigai Pettai: Rs 501 per sq.ft (2024)
• Gnangrishwaranpettai: Rs 600 per sq.ft (2024)
• Brammanar Street: Rs 401 per sq.ft (2024)
• Hills Colony: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in East Pillayar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, and the registration fee at 2% would be Rs 8,020. Together, the total cost for stamp duty and registration fee would be Rs 36,090. 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 information.

Which Sub Registrar Office covers East Pillayar Koil Street?

The Sub Registrar Office that covers East Pillayar Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Karunguzhi. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is transacted, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of East Pillayar Koil Street?

The current guideline value of East Pillayar Koil Street is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, showing an overall increase of 401% over the years.

What is the stamp duty rate for properties in East Pillayar Koil Street?

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

Where can I find the Sub Registrar Office for East Pillayar Koil Street?

The Sub Registrar Office for East Pillayar Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the median guideline value for streets in Karunguzhi?

The median guideline value for streets in Karunguzhi is Rs 401 per sq.ft, which is the same as the guideline value for East Pillayar Koil Street.