Guideline Value for Pillaiyar koil Street Lane

Pillaiyar koil Street Lane guideline value

The current guideline value of Pillaiyar koil Street Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Pillaiyar koil Street Lane has changed

The guideline value for Pillaiyar koil Street Lane has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from Rs 2,144 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 3,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value of Pillaiyar koil Street Lane is below this median.

• Pillaiyar koil Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar Koil 2nd Cross Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar Koil 1st Cross Street: Rs 3,520 per sq.ft (2024)
• Perumal koil Street: Rs 3,520 per sq.ft (2024)
• Perumal koil Sandu: Rs 3,520 per sq.ft (2024)
• Perumal Koil 2nd Street - Lane: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar koil Street Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar koil Street Lane?

The Sub Registrar Office that covers Pillaiyar koil Street Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Porur, as it determines the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may influence the overall cost of purchasing property in the area.

When registering a property, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Pillaiyar koil Street Lane?

The current guideline value of Pillaiyar koil Street Lane is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, which is a 10% increase. It was Rs 2,144 per sq.ft in 2017, and the value increased by 49% to reach Rs 3,200 per sq.ft in 2023.

What is the land classification of Pillaiyar koil Street Lane?

Pillaiyar koil Street Lane is classified as Residential Special Type - II, indicating its suitability for residential purposes.

What is the registration office for Pillaiyar koil Street Lane?

The registration office for Pillaiyar koil Street Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Pillaiyar koil Street Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 35,20,000, leading to a stamp duty of Rs 2,46,400 at 7%.