Guideline Value for Pillaiyar koil Street

Pillaiyar koil Street guideline value

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

How the guideline value of Pillaiyar koil Street has changed

The guideline value for Pillaiyar koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft. In 2017, the value decreased to Rs 2,144 per sq.ft, which was a decline of 33%. The 2023 revision brought the value back up to Rs 3,200 per sq.ft, and the current 2024 revision has increased it to Rs 3,520 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, positioning Pillaiyar koil Street below this median value.

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

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 amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. Please 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 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 Porur

The guideline value is a crucial factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pillaiyar koil Street?

The current guideline value of Pillaiyar koil Street 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 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Pillaiyar koil Street?

Pillaiyar koil Street is classified as Residential Special Type - II under the guidelines of the Kunrathur SRO.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Pillaiyar koil Street is 7% of the guideline value or the sale price, whichever is higher.

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

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