Guideline Value for Pillaiyar Koil st ( Ward No.12 )

Pillaiyar Koil st ( Ward No.12 ) guideline value

The current guideline value of Pillaiyar Koil st ( Ward No.12 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Pillaiyar Koil st ( Ward No.12 ) has changed

The guideline value for Pillaiyar Koil st ( Ward No.12 ) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. The subsequent 2023 revision increased the value to Rs 1,200 per sq.ft, and the current 2024 revision has raised it further to Rs 1,300 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects an 8% increase. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

The Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft as of 2024. The median guideline value in this area is Rs 1,600 per sq.ft, placing Pillaiyar Koil st ( Ward No.12 ) below this median.

• Pillaiyar Koil st ( Ward No.9 ): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street (Ward 18): Rs 1,300 per sq.ft (2024)
• P.K. Street: Rs 1,300 per sq.ft (2024)
• Perumal Nagar: Rs 1,600 per sq.ft (2024)
• Ponniamman Koil st ( Ward No.22 ): Rs 1,600 per sq.ft (2024)
• Ponniammanmedu 100 Feet Road (Ward-24): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil st ( Ward No.12 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, leading to a total of Rs 1,17,000. 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 st ( Ward No.12 )?

The Sub Registrar Office that covers Pillaiyar Koil st ( Ward No.12 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value or the sale price is taken into account to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil st ( Ward No.12 )?

The current guideline value of Pillaiyar Koil st ( Ward No.12 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft in 2024.

What are the other streets in Madhavaram with similar guideline values?

Other streets in Madhavaram with a guideline value of Rs 1,300 per sq.ft include Pillaiyar Koil st ( Ward No.9 ), Pillaiyar Koil Street (Ward 18), and P.K. Street.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. This is based on the current guideline value of Rs 1,300 per sq.ft.

Where can I find the Sub Registrar Office for Pillaiyar Koil st ( Ward No.12 )?

The Sub Registrar Office for Pillaiyar Koil st ( Ward No.12 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for the area.