Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Atanancheri village, under the Gooduvancheri SRO, with a land classification of Residential Special Type - I.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 160 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 275% increase. However, in the 2017 revision, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The value remained stable at Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Pillaiyar Koil Street's value below this median.

• Periyar Street: Rs 600 per sq.ft (2024)
• Ragavendra Nagar: Rs 800 per sq.ft (2024)
• Ragavendrapuram: Rs 800 per sq.ft (2024)
• Rangaswamy Garden: Rs 1,000 per sq.ft (2024)
• R.M. Nagar: Rs 500 per sq.ft (2024)
• Naveen Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Atanancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling a property, it is essential to be aware of the guideline value, as it affects the overall financial obligations during the registration process. Buyers should ensure that they are prepared for these costs when engaging in property transactions in the area.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and has remained at Rs 600 per sq.ft in both 2023 and 2024.

What is the median guideline value in Atanancheri?

The median guideline value for streets in Atanancheri is Rs 700 per sq.ft, with Pillaiyar Koil Street's current value being below this median.

What are the stamp duty rates applicable in Pillaiyar Koil Street?

The stamp duty rate applicable in Pillaiyar Koil Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pillaiyar Koil Street located?

The Sub Registrar Office covering Pillaiyar Koil Street is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.