Guideline Value for Pillaiyar Kovil Street(V.L. Puram)

Pillaiyar Kovil Street(V.L. Puram) guideline value

The current guideline value of Pillaiyar Kovil Street(V.L. Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Pillaiyar Kovil Street(V.L. Puram) has changed

The guideline value for Pillaiyar Kovil Street(V.L. Puram) has experienced several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a 267% rise. However, from 2012 to 2017, the value decreased to Rs 1,474 per sq.ft, a decline of 33%. The value then rose to Rs 2,200 per sq.ft in 2023, representing a 49% increase. The latest revision in 2024 brought the guideline value to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry 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 for Pillaiyar Kovil Street(V.L. Puram) is above this median.

• Pillaiyar Kovil Street(S.No.69): Rs 1,100 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(V.L. Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost for these fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pillaiyar Kovil Street(V.L. Puram)?

The Sub Registrar Office that covers Pillaiyar Kovil Street(V.L. Puram) 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 is a crucial factor when buying or selling property in Oragadam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of property registration.

Frequently asked questions

What is the current guideline value of Pillaiyar Kovil Street(V.L. Puram)?

The current guideline value of Pillaiyar Kovil Street(V.L. Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 300%.

What are the other streets in Oragadam with their guideline values?

Other streets in Oragadam include Pillaiyar Kovil Street(S.No.69) at Rs 1,100 per sq.ft, Pillaiyar Koil Street (Venkateswara Nagar) at Rs 1,600 per sq.ft, and Pillaiyar Koil Street (Pudur) at Rs 1,900 per sq.ft, among others.

What fees are associated with property registration in Pillaiyar Kovil Street(V.L. Puram)?

Fees associated with property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pillaiyar Kovil Street(V.L. Puram)?

The Sub Registrar Office for Pillaiyar Kovil Street(V.L. Puram) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.