Guideline Value for Pillaiyar Koil Street(3 rd ward)

Pillaiyar Koil Street(3 rd ward) guideline value

The current guideline value of Pillaiyar Koil Street(3 rd ward) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street(3 rd ward) has changed

Over the years, the guideline value for Pillaiyar Koil Street(3 rd ward) has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for 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 with a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median value is Rs 1,300 per sq.ft, which is equal to the current guideline value of Pillaiyar Koil Street(3 rd ward).

• Pillaiyar Koil Street(1st 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(3 rd ward)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. The duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillaiyar Koil Street(3 rd ward)?

The Sub Registrar Office that covers Pillaiyar Koil Street(3 rd ward) is the Ambattur Sub Registrar Office. The office is 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 Soorapattu

The guideline value plays a crucial role when buying or selling property in Soorapattu. It is used to determine the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government regulations.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the revenue collected by the government reflects the actual market activity in the area.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street(3 rd ward)?

The current guideline value of Pillaiyar Koil Street(3 rd 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 2023 to Rs 1,300 per sq.ft in 2024. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing fluctuations over the years.

What is the land classification for this street?

Pillaiyar Koil Street(3 rd ward) is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Pillaiyar Koil Street(3 rd ward) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000.