Guideline Value for Pillaiyar Koil Street (Pudur)

Pillaiyar Koil Street (Pudur) guideline value

The current guideline value of Pillaiyar Koil Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

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

The guideline value for Pillaiyar Koil Street (Pudur) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value rose significantly to Rs 1,800 per sq.ft in the 2023 revision, and further increased to Rs 1,900 per sq.ft in the 2024 revision, reflecting a 6% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the value has increased by 6%. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Pillaiyar Koil Street (Pudur) below this median value.

• Pillaiyar Koil Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street V.L.Puram: Rs 2,400 per sq.ft (2024)
• Pillaiyar Kovil Street(S.No.69): Rs 1,100 per sq.ft (2024)
• Pillaiyar Kovil Street(V.L. Puram): Rs 2,400 per sq.ft (2024)
• Pillaiyar Koil Street (East Banu Nagar): Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street 11 th Ward (Vinayagapuram): Rs 2,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering Pillaiyar Koil Street (Pudur) 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 Oragadam

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value will influence the stamp duty and registration fees payable. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the sale price, which ensures that the registration process is transparent and fair.

Frequently asked questions

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

The current guideline value of Pillaiyar Koil Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Street (Pudur)?

Pillaiyar Koil Street (Pudur) falls under the Residential Class I Type - I land classification.

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

The Sub Registrar Office for Pillaiyar Koil Street (Pudur) is the Ambattur Sub Registrar Office, 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?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 19,00,000 would incur a stamp duty of Rs 1,33,000 at 7%.