Guideline Value for Pillaiyar koil st

Pillaiyar koil st guideline value

The current guideline value of Pillaiyar koil st in Poonthamallee village is Rs 2,740 per sq.ft, effective from 1 July 2024. This street falls under the Poonamallee SRO and is classified as Residential Class I Type - I.

How the guideline value of Pillaiyar koil st has changed

The guideline value for Pillaiyar koil st has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The value saw a substantial rise to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,740 per sq.ft.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. Notably, the overall change from 2007 to 2024 is an increase of 585%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the current value for Pillaiyar koil st above this median.

• Pillaiyar koil street: Rs 2,740 per sq.ft (2024)
• P.G.P Nagar Extension: Rs 2,210 per sq.ft (2024)
• P.G.P Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar koil st

For a 1,000 sq.ft plot at the current rate of Rs 2,740 per sq.ft, the guideline value would be Rs 27,40,000. The stamp duty at 7% would amount to Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total to Rs 2,46,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar koil st?

The Pillaiyar koil st is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When selling property, the guideline value can influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to ensure a fair transaction.

Frequently asked questions

What is the current guideline value of Pillaiyar koil st?

The current guideline value of Pillaiyar koil st is Rs 2,740 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 400 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, representing an overall increase of 585%.

What is the median guideline value for streets in Poonthamallee?

The median guideline value for streets in Poonthamallee is Rs 2,200 per sq.ft, making Pillaiyar koil st's current value above this median.

What fees are associated with buying property in Pillaiyar koil st?

When buying property in Pillaiyar koil st, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more information about the office online.