Guideline Value for Pidariamman Koil street

Pidariamman Koil street guideline value

The current guideline value of Pidariamman Koil street in Ernavur village, under the Thiruvottiyur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Pidariamman Koil street has changed

The guideline value for Pidariamman Koil street has undergone several revisions over the years. In 2002, the guideline value was Rs 193 per sq.ft. This increased to Rs 220 per sq.ft in 2003, followed by a rise to Rs 250 per sq.ft in 2007. The value saw a significant jump to Rs 1,300 per sq.ft in 2012, before decreasing to Rs 871 per sq.ft in 2017. The 2023 revision marked another increase to Rs 1,300 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,400 per sq.ft.

Between the revisions, there were notable changes. From 2002 to 2003, the change was +14%. The increase from 2003 to 2007 was +14% as well. The leap from 2007 to 2012 was +420%. However, the value decreased by -33% from 2012 to 2017. The jump from 2017 to 2023 was +49%, and finally, from 2023 to 2024, the increase was +8%. Overall, from 2002 to 2024, the guideline value has increased by +625%.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Pidariamman Koil street's 2024 figure below that median.

• Pillaiyar Koil Street: Rs 1,400 per sq.ft (2024)
• Poompukar Nagar: Rs 2,400 per sq.ft (2024)
• Puratchi Thalaivar Nagar: Rs 1,400 per sq.ft (2024)
• Palagai Thottikuppam: Rs 1,400 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 3,300 per sq.ft (2024)
• Rajiv Gandhi Nagar (Corner Plots): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pidariamman 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 is Rs 14,00,000. The stamp duty at 7% amounts to Rs 98,000, and the registration fee at 2% is Rs 28,000, resulting in a total of Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pidariamman Koil street?

The Sub Registrar Office that covers Pidariamman Koil street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ernavur. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is registered accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pidariamman Koil street?

The current guideline value of Pidariamman Koil street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 193 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of +625% over the years.

What are the stamp duty and registration fees for property in Pidariamman Koil street?

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

Which Sub Registrar Office is responsible for Pidariamman Koil street?

The Thiruvottiyur Sub Registrar Office is responsible for Pidariamman Koil street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Pidariamman Koil street?

Pidariamman Koil street is classified as Residential Class I Type - III, which is important for understanding its use and potential development.