Guideline Value for PIDARIAMMAN KOIL 2nd STREET

PIDARIAMMAN KOIL 2nd STREET guideline value

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

How the guideline value of PIDARIAMMAN KOIL 2nd STREET has changed

The guideline value for PIDARIAMMAN KOIL 2nd STREET has undergone several revisions over the years. In 2003, the guideline value was Rs 85 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007. The value then saw a substantial rise of 300% to reach Rs 2,000 per sq.ft in 2012, but it dropped by 33% to Rs 1,340 per sq.ft in 2017. The value further increased by 49% to Rs 2,000 per sq.ft in 2023, before reaching the current value of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

It is important to note that the register has no figure for PIDARIAMMAN KOIL 2nd STREET for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 2,488%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, positioning PIDARIAMMAN KOIL 2nd STREET above this median.

• PIDARIAMMAN KOIL 1st 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 2nd 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, leading to a total of 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 more accurate calculations.

Which Sub Registrar Office covers PIDARIAMMAN KOIL 2nd STREET?

The Sub Registrar Office that covers PIDARIAMMAN KOIL 2nd 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 plays a crucial role in property transactions in Uthandi. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is established by the registration department and reflects the market value of properties in specific areas.

When selling property, the guideline value can influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for parties involved in property transactions to be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of PIDARIAMMAN KOIL 2nd STREET?

The current guideline value of PIDARIAMMAN KOIL 2nd 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 the years.

What is the land classification for PIDARIAMMAN KOIL 2nd STREET?

PIDARIAMMAN KOIL 2nd STREET is classified as Residential Class II Type - I.

Which office handles registrations for PIDARIAMMAN KOIL 2nd STREET?

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

How is the stamp duty calculated for properties in Uthandi?

Stamp duty in Uthandi is calculated based on the guideline value or the sale price, whichever is higher. It is typically 7% of the guideline value, along with a registration fee of 2%.