Guideline Value for PIDARIAMMAN KOIL 1st STREET

PIDARIAMMAN KOIL 1st STREET guideline value

The current guideline value of PIDARIAMMAN KOIL 1st STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village, under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of PIDARIAMMAN KOIL 1st STREET has changed

The guideline value for PIDARIAMMAN KOIL 1st STREET has seen several revisions over the years. In 2003, the value was Rs 85 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007. Following that, the value surged to Rs 2,000 per sq.ft in 2012, marking a 300% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and finally, it reached Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2,488%. Notably, the register has no figure for the year 2002 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value is Rs 1,700 per sq.ft, placing the 2024 figure for PIDARIAMMAN KOIL 1st STREET above this median.

• PIDARIAMMAN KOIL 2nd STREET: Rs 2,200 per sq.ft (2024)
• Ponga College Valagam: Rs 5,500 per sq.ft (2024)
• Ponga Resort: Rs 5,500 per sq.ft (2024)
• Periyar Salai: Rs 2,800 per sq.ft (2024)
• Poonga Educational Trust: Rs 5,500 per sq.ft (2024)
• Prabhu-Stain Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in PIDARIAMMAN KOIL 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers PIDARIAMMAN KOIL 1st STREET?

The Sub Registrar Office that covers PIDARIAMMAN KOIL 1st STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Uthandi. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of PIDARIAMMAN KOIL 1st STREET?

The current guideline value of PIDARIAMMAN KOIL 1st STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 85 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2,488% over this period.

What are the guideline values for other streets in Uthandi?

Other streets in Uthandi have varying guideline values, with rates ranging from Rs 1,100 to Rs 14,700 per sq.ft. PIDARIAMMAN KOIL 1st STREET's value is above the median of Rs 1,700 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,98,000.

Which office handles property registrations for PIDARIAMMAN KOIL 1st STREET?

The Neelankarai Sub Registrar Office handles property registrations for PIDARIAMMAN KOIL 1st STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.