Guideline Value for Pillaiyar Koil Street(Murugambedu)

Pillaiyar Koil Street(Murugambedu) guideline value

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

The guideline value for Pillaiyar Koil Street(Murugambedu) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,200 per sq.ft in 2023 and is currently set at Rs 1,300 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the changes are as follows: from 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. 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 guideline value for 2024, ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median value among these streets is Rs 1,300 per sq.ft, which aligns with the current guideline value of Pillaiyar Koil Street(Murugambedu).

• Pillaiyar Koil Street(sanmugapuram 2nd Ward): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street(3 rd ward): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street(1st 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(Murugambedu)

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. It is important to note that 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(Murugambedu)?

The Sub Registrar Office that covers Pillaiyar Koil Street(Murugambedu) 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 details.

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

The guideline value is a crucial factor during property registration in Soorapattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When buying or selling property, the guideline value impacts the stamp duty and registration fees payable. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Pillaiyar Koil Street(Murugambedu) 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 increased to Rs 1,200 per sq.ft in 2023, and is currently Rs 1,300 per sq.ft in 2024.

What are the other streets in Soorapattu with similar guideline values?

Other streets in Soorapattu with a guideline value of Rs 1,300 per sq.ft in 2024 include Pillaiyar Koil Street(sanmugapuram 2nd Ward), Pillaiyar Koil Street(3 rd ward), and Pillaiyar Koil Street(1st Ward).

What is the registration fee for properties in this area?

The registration fee for properties in Pillaiyar Koil Street(Murugambedu) is calculated at 2% of the guideline value. For example, a property valued at Rs 13,00,000 would incur a registration fee of Rs 26,000.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street(Murugambedu)?

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