Guideline Value for Pidari koil street

Pidari koil street guideline value

The current guideline value of Pidari koil street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Pidari koil street has changed

The guideline value for Pidari koil street has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which was then increased to Rs 600 per sq.ft in the 2023 revision. Remarkably, there was no change in the guideline value from 2023 to 2024, maintaining the rate at Rs 600 per sq.ft. Additionally, there are no figures available for the revisions in 2002, 2003, 2007, and 2012.

When looking at the overall changes, the guideline value increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2024. The consistent rate of Rs 600 per sq.ft in both the 2023 and 2024 revisions indicates stability in the valuation for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which aligns with the guideline value of Pidari koil street.

• Pillayar Koil St: Rs 600 per sq.ft (2024)
• Pillayar Koil St D.M.Pet: Rs 600 per sq.ft (2024)
• Periy Street: Rs 600 per sq.ft (2024)
• Periya Street Mangalam: Rs 600 per sq.ft (2024)
• Pavodum Santhu: Rs 800 per sq.ft (2024)
• Paventhar Bharathidasan Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Pidari koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pidari koil street?

The Sub Registrar Office that covers Pidari koil street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pidari koil street?

The current guideline value of Pidari koil street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2024, showing a 49% increase overall. There was no change from 2023 to 2024.

What is the classification of Pidari koil street?

Pidari koil street is classified as Residential Class I Type - III under the guideline value register.

Where can I find the Sub Registrar Office for Pidari koil street?

The Thirukazhukundram Sub Registrar Office covers Pidari koil street and is located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pidari koil street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000 at 7%.