Guideline Value for Pillaiyar Kovil Street

Pillaiyar Kovil Street guideline value

The current guideline value of Pillaiyar Kovil Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur 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 3,300 per sq.ft, which was followed by a decrease to Rs 2,211 per sq.ft in the 2017 revision. However, the value saw a significant increase to Rs 3,300 per sq.ft in the 2023 revision, and further rose to Rs 3,600 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017. Overall, the guideline value has increased by 9% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

A total of 448 streets in Ambattur under the Ambattur SRO have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with the median being Rs 3,600 per sq.ft. Pillaiyar Kovil Street's 2024 guideline value matches this median.

• Piragathi Nagar: Rs 2,800 per sq.ft (2024)
• Ponnambalam Street: Rs 3,600 per sq.ft (2024)
• Poompugar Street: Rs 3,600 per sq.ft (2024)
• Periyar Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Prithivipakkam 1st Avenue: Rs 4,000 per sq.ft (2024)
• Prithivipakkam 1st Cross Street: Rs 4,000 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 3,600 per sq.ft, the guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. 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 information.

Which Sub Registrar Office covers Pillaiyar Kovil Street?

The Sub Registrar Office covering Pillaiyar Kovil Street 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 details.

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

The guideline value is an essential factor during the registration process of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is crucial to be aware of the guideline value as it may influence the final sale price. The guideline value provides a standardized measure that helps in assessing the value of properties within the locality.

Frequently asked questions

What is the current guideline value of Pillaiyar Kovil Street?

The current guideline value of Pillaiyar Kovil Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, marking a 9% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

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.

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

The stamp duty for properties in Pillaiyar Kovil Street is 7% of the guideline value, while the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 3,24,000.

Where is the Sub Registrar Office for Pillaiyar Kovil Street located?

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