Guideline Value for PILLAIYAR KOIL STREET VENKATAPURAM

Pillaiyar Koil Street Venkatapuram guideline value

The current guideline value for Pillaiyar Koil Street Venkatapuram is Rs 988 per sq.ft. This street is located in Thandurai village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street Venkatapuram has changed

The guideline value for Pillaiyar Koil Street Venkatapuram has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and most recently, the 2024 revision established the current value at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. The overall change from 2012 to 2024 indicates a 10% rise, showcasing the fluctuations in the guideline values over the years. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with the median value being Rs 988 per sq.ft. Pillaiyar Koil Street Venkatapuram's 2024 figure aligns perfectly with this median.

• Pillaiyar St (M.T.H.Road Northern Side): Rs 988 per sq.ft (2024)
• Pillaiyar St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Police Quarters (Gandhi Nagar): Rs 988 per sq.ft (2024)
• Perumal Koil St: Rs 988 per sq.ft (2024)
• Periyar Street (Babu Nagar): Rs 988 per sq.ft (2024)
• Periyar St, Kakkanji Nagar: Rs 988 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. 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 information.

Which Sub Registrar Office covers Pillaiyar Koil Street Venkatapuram?

The Sub Registrar Office that covers Pillaiyar Koil Street Venkatapuram is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional details.

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

The guideline value serves as a benchmark for property transactions in Thandurai. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that all parties are aware of the official valuation of the property.

It is essential for buyers and sellers to understand that the guideline value may differ from the actual sale price. The registration process will consider the higher amount between the two to determine the applicable fees.

Frequently asked questions

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

The current guideline value of Pillaiyar Koil Street Venkatapuram is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Street Venkatapuram?

Pillaiyar Koil Street Venkatapuram is classified as Residential Class II Type - I.

Where is the Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 at 7%.