Guideline Value for PILLAIYAR KOIL ST

Pillaiyar Koil St guideline value

The current guideline value of Pillaiyar Koil St is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Mukthapudupattu village, which falls under the Avadi SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Pillaiyar Koil St has changed

The guideline value for Pillaiyar Koil St has seen significant changes over the years. The 2012 revision set the value at Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased dramatically to Rs 800 per sq.ft, marking a 379% rise. The 2023 revision maintained the value at Rs 800 per sq.ft, and the same value continues into the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 220%.

Guideline values in Mukthapudupattu

In Mukthapudupattu, there are 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Pillaiyar Koil St is below this median.

• Police Station & 2nd St: Rs 804 per sq.ft (2024)
• Police Station Road: Rs 802 per sq.ft (2024)
• Periyar Nagar & Streets: Rs 804 per sq.ft (2024)
• Pallikooda St: Rs 802 per sq.ft (2024)
• Rajiv Nagar: Rs 804 per sq.ft (2024)
• N.M.Nagar: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil St

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that 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 details.

Which Sub Registrar Office covers Pillaiyar Koil St?

The Pillaiyar Koil St falls under 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 more information.

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

The guideline value plays a crucial role in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil St?

The current guideline value of Pillaiyar Koil St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 800 per sq.ft in 2024, marking a significant increase of 220% over this period.

What are the other streets in Mukthapudupattu with their guideline values?

Other streets in Mukthapudupattu include Police Station & 2nd St at Rs 804 per sq.ft, Police Station Road at Rs 802 per sq.ft, and Periyar Nagar & Streets at Rs 804 per sq.ft, among others.

What is the registration fee for properties on Pillaiyar Koil St?

The registration fee is calculated based on the guideline value. For example, for a property valued at Rs 8,00,000, the registration fee would be Rs 16,000 at 2%.

Which office handles the registration for Pillaiyar Koil St?

The registration for Pillaiyar Koil St is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.