Guideline Value for Pillaiyar Koil Cross Street (Cholambedu)

Pillaiyar Koil Cross Street (Cholambedu) guideline value

The current guideline value of Pillaiyar Koil Cross Street (Cholambedu) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Pillaiyar Koil Cross Street (Cholambedu) has changed

The guideline value for Pillaiyar Koil Cross Street (Cholambedu) has undergone several revisions over the years. The 2012 revision recorded a guideline value of Rs 1,500 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the value increased to Rs 1,600 per sq.ft, reflecting a 7% rise from the previous year.

Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Pillaiyar Koil Cross Street (Cholambedu) below this median.

• Pillaiyar Koil Street (Annanoor): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Cholambedu): Rs 1,600 per sq.ft (2024)
• Perundevi nagar: Rs 1,600 per sq.ft (2024)
• Perumal Koil Street: Rs 1,900 per sq.ft (2024)
• Periyar Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Cross Street (Cholambedu)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total fees Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil Cross Street (Cholambedu)?

The Sub Registrar Office that covers Pillaiyar Koil Cross Street (Cholambedu) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for calculating the stamp duty and registration fees that are required to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the state collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Cross Street (Cholambedu)?

The current guideline value of Pillaiyar Koil Cross Street (Cholambedu) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From the 2012 revision to the 2024 revision, the guideline value increased by 7%. The 2023 revision saw a rise of 7% from the previous year.

What is the classification of land on Pillaiyar Koil Cross Street (Cholambedu)?

Pillaiyar Koil Cross Street (Cholambedu) is classified as Residential Class III Type - I under the guideline value register.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Pillaiyar Koil Cross Street (Cholambedu) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property transactions in Thirumullaivoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.