Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has remained stable at Rs 200 per sq.ft since the 2023 revision, which also set the value at Rs 200 per sq.ft. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and the overall change from 2017 to 2024 is also +49%.

For the years 2012, 2007, 2003, and 2002, the register has no figure for this street. Therefore, the only revisions with recorded values are from 2017, 2023, and 2024.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Pillaiyar Koil Street's current guideline value is below this median.

• Prasannalaxmi Nagar: Rs 200 per sq.ft (2024)
• Prime City: Rs 200 per sq.ft (2024)
• Prince Paradise (Prince Residencia): Rs 1,000 per sq.ft (2024)
• Pump Room Street: Rs 150 per sq.ft (2024)
• Rajaji Street: Rs 150 per sq.ft (2024)
• Rajan Nagar: Rs 300 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property 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 Nemili_B

The guideline value plays a crucial role in the registration process of property transactions in Nemili_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than potentially inflated sale prices.

When buying or selling property, the guideline value helps both parties understand the minimum value recognized by the registration authorities. This transparency is essential for ensuring a fair transaction process and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2023, with a previous value of Rs 134 per sq.ft recorded in 2017. This represents a 49% increase from 2017 to 2024.

What are the other streets in Nemili_B with their guideline values?

Other streets in Nemili_B include Prasannalaxmi Nagar and Prime City, both at Rs 200 per sq.ft, while Prince Paradise is significantly higher at Rs 1,000 per sq.ft. There are also streets like Pump Room Street and Rajaji Street at Rs 150 per sq.ft.

What fees are associated with buying property on Pillaiyar Koil Street?

When buying property on Pillaiyar Koil Street, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft property would incur total fees of Rs 18,000.

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 through the provided link.