Guideline Value for Pillaiyar Koil 2nd Cross Street

Pillaiyar Koil 2nd Cross Street guideline value

The current guideline value of Pillaiyar Koil 2nd Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Pillaiyar Koil 2nd Cross Street has changed

The guideline value for Pillaiyar Koil 2nd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which decreased to Rs 2,144 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,200 per sq.ft, followed by a further increase to Rs 3,520 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

In summary, the revisions show a fluctuation in the guideline value, with a notable increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a 10% increase, indicating a gradual rise in the guideline value for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value in this area is Rs 3,960 per sq.ft, making the 2024 figure for Pillaiyar Koil 2nd Cross Street below the median.

• Pillaiyar Koil 1st Cross Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar koil Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar koil Street Lane: Rs 3,520 per sq.ft (2024)
• Perumal koil Street: Rs 3,520 per sq.ft (2024)
• Perumal koil Sandu: Rs 3,520 per sq.ft (2024)
• Perumal Koil 2nd Street - Lane: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, while the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil 2nd Cross Street?

The Sub Registrar Office that covers Pillaiyar Koil 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in the eyes of the law.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the registration process. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 2nd Cross Street?

The current guideline value of Pillaiyar Koil 2nd Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the stamp duty for property in Pillaiyar Koil 2nd Cross Street?

The stamp duty for property in Pillaiyar Koil 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 2,46,400.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles property registrations for Pillaiyar Koil 2nd Cross Street.

What are the other streets in Porur with the same guideline value?

Other streets in Porur with the same guideline value of Rs 3,520 per sq.ft include Pillaiyar Koil 1st Cross Street, Pillaiyar koil Street, Pillaiyar koil Street Lane, Perumal koil Street, Perumal koil Sandu, and Perumal Koil 2nd Street - Lane.