Guideline Value for Pillaiyar Kovil Street

Pillaiyar Kovil Street guideline value

The current guideline value of Pillaiyar Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_C village under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Pillaiyar Kovil Street has changed

The guideline value for Pillaiyar Kovil Street has remained stable at Rs 200 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, in the 2017 revision, the guideline value was Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

From the 2017 revision to the current 2024 revision, the guideline value has increased by 49%, reflecting the same figure as the previous year. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Pillaiyar Kovil Street's value below this median.

• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 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)
• Samten: 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 guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Kovil Street?

The Pillaiyar Kovil Street falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Kovil Street?

The current guideline value of Pillaiyar Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to 2023.

What is the land classification of Pillaiyar Kovil Street?

Pillaiyar Kovil Street is classified as Residential Class IV Type - I under the Sunguvarchattram SRO.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

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.