Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street in Amarampedu village, under the Sriperumpudur SRO, is Rs 350 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - I.

How the guideline value of Pillaiyar Koil Street has changed

Looking at the historical revisions, the guideline value for Pillaiyar Koil Street was Rs 350 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in 2017, the value was Rs 234 per sq.ft, marking a 50% increase from 2017 to 2023. In the 2012 revision, the value was Rs 350 per sq.ft, which indicates a decrease of 33% when compared to the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 350 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. Pillaiyar Koil Street's 2024 figure of Rs 350 per sq.ft is above this median.

• Perumal Koil Street: Rs 350 per sq.ft (2024)
• Parvathi Nagar Part 2: Rs 350 per sq.ft (2024)
• Parvathi Nagar Part 1: Rs 350 per sq.ft (2024)
• Parvathi Nagar Extn: Rs 350 per sq.ft (2024)
• Pachaiamman Koil Street: Rs 150 per sq.ft (2024)
• N.S.C. Bose Street: Rs 150 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 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When you buy or sell property in Amarampedu, the registration fee and stamp duty are calculated based on this guideline value.

It is essential to be aware that the guideline value can influence the overall cost of property transactions. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions showing Rs 350 per sq.ft for both 2023 and 2024. The value was Rs 234 per sq.ft in 2017, which was a 50% increase from the previous revision.

What is the land classification for Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Special Type - I, which indicates its suitability for residential development.

What are the registration fees for properties in Pillaiyar Koil Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,50,000, the total fees would amount to Rs 31,500.

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

The Sub Registrar Office for Pillaiyar Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.