Guideline Value for Pillaiyar Kovil Street

Pillaiyar Kovil Street guideline value

The current guideline value of Pillaiyar Kovil Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_B village under the Sunguvarchattram SRO, classified as Residential Special 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 2017 revision set the value at Rs 134 per sq.ft, which increased to Rs 250 per sq.ft in 2023. The most recent revision in 2024 saw a significant increase to Rs 850 per sq.ft, marking a 240% rise from the previous year and an overall increase of 534% from 2017.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes from 2017 to 2023 were an increase of 87%, and the overall change from 2017 to 2024 reflects a substantial rise.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Pillaiyar Kovil Street's 2024 figure above that median.

• Perumal Kovil Street: Rs 850 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Pallikooda Street: Rs 300 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)
• Ramakka Chathiram: Rs 300 per sq.ft (2024)
• New Andal Nagar: Rs 300 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 850 per sq.ft, the guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, totaling Rs 76,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit the find your SRO page.

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

The guideline value is a crucial factor in property transactions in Santhavellur_B, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for both buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of this value ensures compliance with legal requirements and helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Pillaiyar Kovil Street?

The current guideline value of Pillaiyar Kovil Street is Rs 850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 134 per sq.ft in 2017 to Rs 850 per sq.ft in 2024, marking an overall increase of 534% over this period.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 76,500 based on the current guideline value of Rs 850 per sq.ft.

Which office handles registrations for Pillaiyar Kovil Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Pillaiyar Kovil Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value determined for properties?

The guideline value is determined based on various factors including location, land classification, and historical revisions. It serves as a benchmark for property transactions and is updated periodically by the Registration Department.