Guideline Value for PILLAYAR KOIL STREET

Pillayar Koil Street guideline value

The current guideline value of Pillayar Koil Street is Rs 1,400 per sq.ft, as per the 2023 revision. This street is located in Navaloor village, under the Thiruporur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pillayar Koil Street has changed

The guideline value for Pillayar Koil Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 475 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2012 revision, marking an increase of 111%. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The most significant change occurred from 2017 to 2023, where the value surged by 109% to the current rate of Rs 1,400 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 195%. This substantial increase reflects the changes in the valuation over the years, with the most recent figure indicating a notable rise in the guideline value per sq.ft.

Guideline values in Navaloor

Currently, there are no specific village figures provided for Navaloor. Pillayar Koil Street is the only street mentioned under the Thiruporur SRO in this context.

Stamp duty and registration fee for property in Pillayar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total charges Rs 1,26,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillayar Koil Street?

The Sub Registrar Office that covers Pillayar Koil Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Navaloor. It serves as the basis for calculating the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value will be considered to determine the applicable charges. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street?

The current guideline value of Pillayar Koil Street is Rs 1,400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 475 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2023, marking an overall increase of 195% over the years.

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

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000, and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which Sub Registrar Office covers Pillayar Koil Street?

The Thiruporur Sub Registrar Office covers Pillayar Koil Street, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Navaloor with guideline values?

Currently, there are no other streets in Navaloor mentioned with specific guideline values under the Thiruporur SRO.