Guideline Value for Pillaiyar Koil Street(1st Ward)

Pillaiyar Koil Street(1st Ward) guideline value

The current guideline value for Pillaiyar Koil Street(1st Ward) in Soorapattu village, under the Ambattur SRO, is Rs 1,300 per sq.ft. This value will be effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street(1st Ward) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,200 per sq.ft. The most recent revision in 2024 has set the value at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, which aligns with the 2024 guideline value for Pillaiyar Koil Street(1st Ward).

• Pillaiyar Koil Street(3 rd ward): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street(Murugambedu): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street(sanmugapuram 2nd Ward): Rs 1,300 per sq.ft (2024)
• Perumal Koil Street: Rs 1,700 per sq.ft (2024)
• Periyar Street: Rs 1,200 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street(1st Ward)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that 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 Street(1st Ward)?

The Sub Registrar Office that covers Pillaiyar Koil Street(1st Ward) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO here.

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

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

When a property is registered, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Pillaiyar Koil Street(1st Ward)?

The current guideline value for Pillaiyar Koil Street(1st Ward) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Street(1st Ward)?

The land classification for Pillaiyar Koil Street(1st Ward) is Residential Class II Type - I.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, which includes a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Pillaiyar Koil Street(1st Ward) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.