Guideline Value for Pillaiyar Kovil Street(S.No.69)

Pillaiyar Kovil Street(S.No.69) guideline value

The current guideline value of Pillaiyar Kovil Street(S.No.69) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class IV Type - II.

How the guideline value of Pillaiyar Kovil Street(S.No.69) has changed

The guideline value for Pillaiyar Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 has raised it to Rs 1,100 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The latest change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from the 2012 revision to the 2024 revision.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Pillaiyar Kovil Street(S.No.69) is below this median.

• Pillaiyar Kovil Street(V.L. Puram): Rs 2,400 per sq.ft (2024)
• Pillaiyar Koil Street V.L.Puram: Rs 2,400 per sq.ft (2024)
• Pillaiyar Koil Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Pudur): Rs 1,900 per sq.ft (2024)
• Pillaiyar Koil Street (East Banu Nagar): Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street 11 th Ward (Vinayagapuram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Kovil Street(S.No.69)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar Kovil Street(S.No.69)?

The Sub Registrar Office that covers Pillaiyar Kovil Street(S.No.69) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Oragadam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with the legal requirements during registration.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction reflects a fair valuation as per the government’s records.

Frequently asked questions

What is the current guideline value of Pillaiyar Kovil Street(S.No.69)?

The current guideline value of Pillaiyar Kovil Street(S.No.69) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Pillaiyar Kovil Street(S.No.69)?

Pillaiyar Kovil Street(S.No.69) is classified as Residential Class IV Type - II.

Which office handles registration in Ambattur?

The Ambattur Sub Registrar Office handles registrations in Ambattur, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Oragadam?

Stamp duty is calculated based on the higher of the guideline value and the sale price. For example, if the guideline value is Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.