Guideline Value for Pillaiyar Koil Street, Dr.Ambedhar Nagar

Pillaiyar Koil Street, Dr.Ambedhar Nagar guideline value

The current guideline value of Pillaiyar Koil Street, Dr.Ambedhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Pillaiyar Koil Street, Dr.Ambedhar Nagar has changed

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for Pillaiyar Koil Street, indicating that there were no recorded revisions for these years.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO with a 2024 guideline value range from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Pillaiyar Koil Street's 2024 figure below this median.

• Pillaiyar Koil Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Pillaiyar Koil Street, H.L. Colony: Rs 2,530 per sq.ft (2024)
• Pillaiyar Koil Street, Ponni Nagar: Rs 1,870 per sq.ft (2024)
• Pillappan Street, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 1st Cross Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillayar Koil 1st Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street, Dr.Ambedhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that the 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, Dr.Ambedhar Nagar?

The Sub Registrar Office that covers Pillaiyar Koil Street, Dr.Ambedhar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street, Dr.Ambedhar Nagar?

The current guideline value of Pillaiyar Koil Street, Dr.Ambedhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 64% over these years.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which means Pillaiyar Koil Street's 2024 figure is below this median.

What are the registration fees for property in Pillaiyar Koil Street, Dr.Ambedhar Nagar?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street, Dr.Ambedhar Nagar?

The Sub Registrar Office for Pillaiyar Koil Street, Dr.Ambedhar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the appropriate link.