Guideline Value for Pillaiyar koil street

Pillaiyar koil street guideline value

The current guideline value of Pillaiyar koil street is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee 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 significant changes over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 525%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The value further increased to Rs 2,500 per sq.ft in 2023, and as of 2024, it stands at Rs 2,740 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 585%.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO with a guideline value for 2024 ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Pillaiyar koil street's 2024 figure above this median.

• Pillaiyar koil st: 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 street

For a 1,000 sq.ft plot at the current rate of Rs 2,740 per sq.ft, the guideline value amounts to Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, totaling Rs 2,46,600. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Pillaiyar koil street?

The Sub Registrar Office that covers Pillaiyar koil street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. To find your specific SRO, you can find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Poonthamallee. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value serves as a benchmark for the transaction value, and it is crucial for both buyers and sellers to be aware of these values 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 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, showing an overall increase of 585% over the years.

What is the median guideline value in Poonthamallee?

The median guideline value in Poonthamallee is Rs 2,200 per sq.ft, with Pillaiyar koil street's value exceeding this median.

What are the stamp duty and registration fees for property in Pillaiyar koil street?

For a property valued at Rs 27,40,000, the stamp duty would be Rs 1,91,800 and the registration fee would be Rs 54,800, totaling Rs 2,46,600.

Which office handles registrations for Pillaiyar koil street?

The Poonamallee Sub Registrar Office handles registrations for Pillaiyar koil street, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.