Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 210 per sq.ft, effective from 1 July 2024. This street is located in Nemili village under the Sriperumpudur SRO, classified as Residential Class III 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 2012 revision, the value was Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. However, it rose significantly to Rs 200 per sq.ft in the 2023 revision and further increased to Rs 210 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. Following this, there was a substantial increase of 49% from 2017 to 2023. The value increased by 5% from 2023 to 2024, resulting in an overall increase of 5% from 2012 to 2024.

Guideline values in Nemili

In Nemili village, there are 66 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 1,000 per sq.ft. The median value for these streets is Rs 250 per sq.ft, making the 2024 guideline value of Pillaiyar Koil Street below the median.

• Prime City: Rs 210 per sq.ft (2024)
• Rajaji Street: Rs 150 per sq.ft (2024)
• Rajan Nagar: Rs 300 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 210 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 210 per sq.ft (2024)
• Ramanan Nagar: Rs 210 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 guideline value of Rs 210 per sq.ft, the total guideline value would be Rs 2,10,000. The stamp duty at 7% would be Rs 14,700, and the registration fee at 2% would be Rs 4,200, making the total cost for these fees Rs 18,900. Note that the duty is charged on the higher of the guideline value or 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 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 Nemili

The guideline value is a crucial factor when registering a property in Nemili. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value helps determine the official value of the property for tax purposes. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 210 per sq.ft in 2024.

What is the land classification of Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 14,700, and the registration fee would be Rs 4,200, totaling Rs 18,900.

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

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.