Guideline Value for Pillaiyar koil Street

Pillaiyar koil Street guideline value

The current guideline value of Pillaiyar koil Street is Rs 650 per sq.ft, effective from 1 July 2024. This street is located in Moonramkattalai village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pillaiyar koil Street has changed

The guideline value for Pillaiyar koil Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in 2012. This marked a significant increase of 140%. However, by 2017, the value dropped to Rs 402 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 600 per sq.ft in 2023, showing a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 650 per sq.ft, representing an 8% increase from the previous year.

It is important to note that there are no figures available for Pillaiyar koil Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 160%.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 650 to Rs 2,750 per sq.ft, with the median value being Rs 650 per sq.ft. Pillaiyar koil Street's 2024 guideline value aligns with this median.

• Poniyamman Koil Street: Rs 650 per sq.ft (2024)
• Poniyamman Koil Street/santhu: Rs 650 per sq.ft (2024)
• Pooja Avenue Annex: Rs 2,750 per sq.ft (2024)
• Ondicherry (Ondi Colony): Rs 1,000 per sq.ft (2024)
• Ramamoorthy Avenue: Rs 2,750 per sq.ft (2024)
• R.M.P. Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar koil Street

For a 1,000 sq.ft plot at the current rate of Rs 650 per sq.ft, the guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, totaling Rs 58,500. It is important to note that the 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?

The Sub Registrar Office that covers Pillaiyar koil Street 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 Moonramkattalai

The guideline value is a crucial factor when registering property in Moonramkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you buy or sell property, the guideline value helps ensure that the transaction is conducted at a fair rate as per government regulations. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Pillaiyar koil Street?

The current guideline value of Pillaiyar koil Street is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 650 per sq.ft in 2024, reflecting an overall increase of 160% over the years.

What is the median guideline value in Moonramkattalai?

The median guideline value in Moonramkattalai is Rs 650 per sq.ft, which is the same as the current value for Pillaiyar koil Street.

What are the stamp duty and registration fees for Pillaiyar koil Street?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 45,500, and the registration fee is Rs 13,000, totaling Rs 58,500.

Which office handles registrations for Pillaiyar koil Street?

The Kunrathur Sub Registrar Office handles registrations for Pillaiyar koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.