Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has undergone several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which saw a significant increase to Rs 2,100 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,407 per sq.ft in 2017. The 2023 revision raised the value to Rs 2,100 per sq.ft, and the most recent revision in 2024 has increased it to Rs 2,310 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 824%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with a 2024 guideline value range from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, which is equal to the current guideline value of Pillaiyar Koil Street.

• Pettai Street: Rs 1,980 per sq.ft (2024)
• Peruratchi Mandra Theru: Rs 1,980 per sq.ft (2024)
• Perumal Theru: Rs 1,980 per sq.ft (2024)
• Perumal Road: Rs 2,640 per sq.ft (2024)
• Perumal Koil Street: Rs 1,980 per sq.ft (2024)
• Periyazhvar Theru: Rs 1,980 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, the guideline value is Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. 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 details.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office covering Pillaiyar Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements 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 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 824% over the years.

What is the stamp duty rate for properties in Pillaiyar Koil Street?

The stamp duty rate for properties in Pillaiyar Koil Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Pillaiyar Koil Street is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Class II Type - I under the Padappai SRO.