Guideline Value for PATTINATHAR KOIL STREET

Pattinathar Koil Street guideline value

The current guideline value of Pattinathar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Pattinathar Koil Street has changed

The guideline value for Pattinathar Koil Street has seen several revisions over the years. In the 2002 revision, the value was Rs 412 per sq.ft, which increased to Rs 484 per sq.ft in 2003, marking a change of +17%. The value then rose to Rs 600 per sq.ft in 2007, a significant increase of +24%. Following this, the 2012 revision recorded a value of Rs 3,000 per sq.ft, showing a substantial increase of +400% from the previous revision. However, the 2017 revision saw a decrease to Rs 2,010 per sq.ft, a change of -33% from 2012.

From 2017 to 2023, the value increased to Rs 3,000 per sq.ft, representing a rise of +49%. The latest revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is a +10% increase from the previous year. There are no figures available for revisions in years not listed in the register.

Guideline values in Thiruvottiyur

Thiruvottiyur village has 177 streets under the Thiruvottiyur SRO, with a guideline value range from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current value of Pattinathar Koil Street.

• Peillaiyar Koil Street: Rs 3,700 per sq.ft (2024)
• Periya Mettu Palayam Streets: Rs 3,300 per sq.ft (2024)
• Periyar Nagar: Rs 3,700 per sq.ft (2024)
• Pananthoppu Colony (Market Lane): Rs 2,800 per sq.ft (2024)
• Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Palaya Kinaru Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pattinathar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pattinathar Koil Street?

The Sub Registrar Office that covers Pattinathar Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvottiyur. 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, it is essential to be aware of the current guideline value, as it impacts the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pattinathar Koil Street?

The current guideline value of Pattinathar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 412 in 2002 to Rs 3,300 in 2024, reflecting an overall increase of 701% over the years.

What is the land classification for Pattinathar Koil Street?

Pattinathar Koil Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the stamp duty and registration fees for property in Pattinathar Koil Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.