Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Mudhukoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I 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. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the value at Rs 150 per sq.ft, which was then increased to Rs 250 per sq.ft in the 2024 revision, marking a significant change of +67%.

Prior to the 2023 revision, the guideline value for Pillaiyar Koil Street was not recorded in the register. The 2024 figure of Rs 250 per sq.ft is notably higher than the previous year's value of Rs 150 per sq.ft.

Guideline values in Mudhukoor

In Mudhukoor, there are 29 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 448 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, placing Pillaiyar Koil Street above that median.

• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• PeriyaPalaiyathamman Kovil Street: Rs 200 per sq.ft (2024)
• OmSakthi Kovil Street: Rs 200 per sq.ft (2024)
• Narasamangalam Colony: Rs 200 per sq.ft (2024)
• Mudukoor Colony Part: Rs 200 per sq.ft (2024)
• M.S.R. Garden: Rs 448 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 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mudhukoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the correct amount of duty is paid. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 250 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 250 per sq.ft in 2024, marking an increase of +67%. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Pillaiyar Koil Street?

The registration office covering Pillaiyar Koil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties on Pillaiyar Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%, along with a registration fee of Rs 5,000 at 2%.