Guideline Value for Pillaiyar Koil Street (Cholambedu)

Pillaiyar Koil Street (Cholambedu) guideline value

The current guideline value of Pillaiyar Koil 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 Street (Cholambedu) has changed

The guideline value for Pillaiyar Koil Street (Cholambedu) has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. This was a decline of 33%. However, the value rebounded significantly to Rs 1,500 per sq.ft in 2023, and further increased to Rs 1,600 per sq.ft in 2024, marking a 7% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 7%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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 village is Rs 2,400 per sq.ft, indicating that the guideline value of Pillaiyar Koil Street (Cholambedu) is below this median.

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

Stamp duty and registration fee for property in Pillaiyar Koil 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, while the registration fee at 2% would be Rs 32,000, bringing the total fees to 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.

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

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

The Sub Registrar Office that covers Pillaiyar Koil 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. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Thirumullaivoyal, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall costs associated with property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which is higher than the current value of Pillaiyar Koil Street (Cholambedu).

What are the stamp duty and registration fees for property in Pillaiyar Koil Street (Cholambedu)?

For a 1,000 sq.ft plot, the total guideline value is 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, totaling Rs 1,44,000.

Which office handles the registration for Pillaiyar Koil Street (Cholambedu)?

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