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 Vadakal_C village and falls 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. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 150 per sq.ft, which was then increased to Rs 200 per sq.ft in the 2024 revision, marking a change of +33%.

This means that the current guideline value reflects a significant increase from the previous year. The 2024 figure of Rs 200 per sq.ft is now the most up-to-date value for this street.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 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 400 per sq.ft. Pillaiyar Koil Street's 2024 guideline value is below this median.

• Sai Nagar: Rs 550 per sq.ft (2024)
• Sakthi Garden: Rs 200 per sq.ft (2024)
• Mohamed Nagar: Rs 300 per sq.ft (2024)
• Sathya Sai Nagar: Rs 550 per sq.ft (2024)
• M.G.R.Nagar: Rs 400 per sq.ft (2024)
• Melmaruvathur Adiparasakthi Nagar: Rs 550 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 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that 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 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 additional information.

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

The guideline value is an essential factor when registering property transactions in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value ensures that the government receives the appropriate fees based on the value of the property. This process helps maintain transparency and standardization in property transactions.

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 for Pillaiyar Koil Street has changed from Rs 150 per sq.ft in 2023 to Rs 200 per sq.ft in 2024, representing a 33% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Class III Type - I. This classification is important for determining the appropriate uses and regulations for properties in the area.

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. This office handles all registration processes for properties in the area.

How is stamp duty calculated for properties in Vadakal_C?

Stamp duty for properties in Vadakal_C is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.