Guideline Value for Nattu Pillaiyar Koil Street

Nattu Pillaiyar Koil Street guideline value

The current guideline value of Nattu Pillaiyar Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO, classified as Residential Class I Type - I.

How the guideline value of Nattu Pillaiyar Koil Street has changed

The guideline value for Nattu Pillaiyar Koil Street has seen several revisions over the years. The earliest recorded figure in the register is from 2003, where the value was Rs 943 per sq.ft. This increased to Rs 1,200 per sq.ft in 2007, a rise of 27%. By 2012, the value dropped to Rs 4,000 per sq.ft, reflecting a decrease of 33%. In 2017, the value increased significantly to Rs 2,680 per sq.ft, marking a 49% rise from the previous revision. The 2023 revision set the value at Rs 4,000 per sq.ft, which then increased by 10% to the current value of Rs 4,400 per sq.ft in 2024.

It is important to note that there is no figure available for Nattu Pillaiyar Koil Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 367%.

Guideline values in Muthiyalpet

Muthiyalpet has a total of 357 streets under the Sowcarpet SRO, with guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft as of 2024. The median value for these streets is Rs 4,400 per sq.ft, which is equal to the guideline value of Nattu Pillaiyar Koil Street.

• Narayanan Lane: Rs 4,900 per sq.ft (2024)
• Narayanan Aiyer Street: Rs 5,500 per sq.ft (2024)
• Narayanan 2nd Street: Rs 4,400 per sq.ft (2024)
• Narayanan 1st Street: Rs 4,400 per sq.ft (2024)
• Narayana Mudali Street: Rs 13,000 per sq.ft (2024)
• Narayana Chetty Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nattu Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nattu Pillaiyar Koil Street?

Nattu Pillaiyar Koil Street falls under the jurisdiction of the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Muthiyalpet. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is important for both the buyer and seller. This value is used to calculate the applicable taxes and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nattu Pillaiyar Koil Street?

The current guideline value of Nattu Pillaiyar Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 943 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 367% over this period.

What is the stamp duty for property in Nattu Pillaiyar Koil Street?

The stamp duty for property in Nattu Pillaiyar Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sowcarpet Sub Registrar Office located?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01.

How many streets in Muthiyalpet have a guideline value?

There are a total of 357 streets in Muthiyalpet under the Sowcarpet SRO that have a guideline value as of 2024.