Guideline Value for Pillaiyar koil street

Pillaiyar koil street guideline value

The current guideline value for Pillaiyar koil street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Somangalam_B village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Pillaiyar koil street has changed

Over the years, the guideline value for Pillaiyar koil street has seen significant changes. The register shows that the guideline value was Rs 268 per sq.ft in the 2017 revision. This figure remained unchanged at Rs 400 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, indicating a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The lack of data for these years means that the guideline value has remained constant at Rs 400 per sq.ft since 2023.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Pillaiyar koil street's 2024 figure above that 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 amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 information.

Which Sub Registrar Office covers Pillaiyar koil street?

The Sub Registrar Office that covers 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 further assistance.

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

When buying or selling property in Somangalam_B, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a benchmark for calculating these fees, ensuring that the transaction is recorded accurately in the registration system.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Accurate knowledge of the guideline value helps in understanding the financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Pillaiyar koil street?

The current guideline value for 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 for Pillaiyar koil street has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Somangalam_B with their guideline values?

Other streets in Somangalam_B include Ponniamman Nagar Ph.I at Rs 200 per sq.ft, Raisa Nagar at Rs 250 per sq.ft, Raisa Nagar Annex at Rs 150 per sq.ft, and Ramachandra Nagar, Real Value Nagar, and Real Value Nagar Phase III, all at Rs 350 per sq.ft.

How is stamp duty calculated for properties in Pillaiyar koil street?

Stamp duty for properties in Pillaiyar koil street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value is Rs 4,00,000.

Where can I find the Sub Registrar Office for 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.