Guideline Value for Pillaiyar Kovil Street

Pillaiyar Kovil Street guideline value

The current guideline value of Pillaiyar Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirupanthiyoor village under the Sunguvarchattram SRO, classified as Residential Special Type - II.

How the guideline value of Pillaiyar Kovil Street has changed

Over the years, the guideline value of Pillaiyar Kovil Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision recorded a lower value of Rs 268 per sq.ft, marking a decrease of 33% from 2012. Between 2017 and 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft.

As of the latest 2024 revision, the guideline value remains at Rs 400 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Pillaiyar Kovil Street above this median.

• P.L.Aero City: Rs 600 per sq.ft (2024)
• P.L Aerocity Phase - II: Rs 600 per sq.ft (2024)
• Pazhaiyapannur Road: Rs 300 per sq.ft (2024)
• Punitha Annal street: Rs 350 per sq.ft (2024)
• Ozone City: Rs 350 per sq.ft (2024)
• Royal City: Rs 700 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 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 covering Pillaiyar Kovil Street is 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 information.

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

The guideline value plays a crucial role in property transactions in Thirupanthiyoor. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue from property sales.

When selling property, the guideline value helps establish a baseline for the sale price. Buyers and sellers often use this value as a reference point during negotiations, ensuring that both parties have a fair understanding of the property's value in the current market.

Frequently asked questions

What is the current guideline value of Pillaiyar Kovil Street?

The current guideline value of Pillaiyar Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with fluctuations in earlier years. The value was Rs 268 per sq.ft in 2017, which increased by 49% to Rs 400 per sq.ft by 2023.

What is the land classification for Pillaiyar Kovil Street?

Pillaiyar Kovil Street is classified as Residential Special Type - II under the Sunguvarchattram SRO.

What are the stamp duty and registration fees for property in Pillaiyar Kovil Street?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where can I find the Sub Registrar Office for Pillaiyar Kovil Street?

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