Guideline Value for Pillaiyar koil street

Pillaiyar koil street guideline value

The current guideline value of Pillaiyar koil street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Somangalam village under the Sriperumpudur SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Pillaiyar koil street has changed

Looking at the historical revisions, the guideline value for Pillaiyar koil street was Rs 400 per sq.ft in 2012, and it remained unchanged in the subsequent revision in 2023. The 2017 revision saw a decrease to Rs 268 per sq.ft, which was a drop of 33% from the 2012 figure. The most recent revision in 2024 has brought the value back to Rs 400 per sq.ft, showing no change from the 2023 figure.

From 2017 to 2023, the guideline value increased by 49%. Overall, when comparing the 2012 figure to the 2024 figure, there has been no change, with the value remaining at Rs 400 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Somangalam

In Somangalam village, there are 86 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Pillaiyar koil street's 2024 guideline value is above this median.

• Ponniamman Nagar Ph.I: Rs 200 per sq.ft (2024)
• Raisa Nagar: Rs 250 per sq.ft (2024)
• Raisa Nagar Annex: Rs 150 per sq.ft (2024)
• Ramachandra Nagar: Rs 350 per sq.ft (2024)
• Real Value Nagar: Rs 350 per sq.ft (2024)
• Real Value Nagar Phase III: Rs 350 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 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Pillaiyar koil street?

The Sub Registrar Office covering Pillaiyar koil street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Somangalam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar koil street?

The current guideline value of Pillaiyar koil street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent figure of Rs 400 per sq.ft being the same as in 2023. The value was Rs 268 per sq.ft in 2017, which was a decrease from Rs 400 per sq.ft in 2012.

What is the land classification for Pillaiyar koil street?

Pillaiyar koil street falls under the land classification of Residential Special Type - I.

What is the median guideline value in Somangalam?

The median guideline value for the 86 streets in Somangalam is Rs 350 per sq.ft, with Pillaiyar koil street's value being above this median.

Where is the Sub Registrar Office for Pillaiyar koil street located?

The Sub Registrar Office for Pillaiyar koil street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.