Guideline Value for Pillaiyar Kovil Street

Pillaiyar Kovil Street guideline value

The current guideline value of Pillaiyar Kovil Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Karanaithangal village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pillaiyar Kovil Street has changed

The guideline value for Pillaiyar Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 500 per sq.ft, a figure that has remained consistent through the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The current guideline value of Rs 500 per sq.ft, effective from 1 July 2024, is equal to the median value of Rs 500 per sq.ft for the 17 streets in Karanaithangal under the Sunguvarchattram SRO.

Guideline values in Karanaithangal

In Karanaithangal, the guideline values for 2024 range from Rs 471 to Rs 1,000 per sq.ft, with the median being Rs 500 per sq.ft. Pillaiyar Kovil Street's value aligns perfectly with this median.

• Perinjambakkam Salai: Rs 500 per sq.ft (2024)
• Priya Nagar: Rs 800 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 500 per sq.ft (2024)
• Kullakkarai Street: Rs 500 per sq.ft (2024)
• Kalaivani Nagar: Rs 500 per sq.ft (2024)
• Thambaram-Kanchipuram Main Road: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Kovil Street?

The Sub Registrar Office that covers Pillaiyar Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karanaithangal. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Pillaiyar Kovil Street?

The current guideline value of Pillaiyar Kovil Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, and then back to Rs 500 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification for Pillaiyar Kovil Street?

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

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

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

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.