Guideline Value for Pillayar Koil Street

Pillayar Koil Street guideline value

The current guideline value of Pillayar Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Pillayar Koil Street has changed

The guideline value for Pillayar Koil Street has undergone several revisions over the years. The earliest recorded value was Rs 25 per sq.ft in 2007, which saw a significant increase to Rs 250 per sq.ft in 2012. However, this value decreased to Rs 167 per sq.ft in 2017 before stabilizing at Rs 250 per sq.ft in both 2023 and the upcoming 2024 revision.

From 2017 to 2023, the guideline value increased by 50%. The 2024 revision shows no change from the 2023 figure, maintaining the value at Rs 250 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, indicating that Pillayar Koil Street's 2024 figure is below this median.

• Ponniamman Koil Street: Rs 250 per sq.ft (2024)
• Periyar Street: Rs 250 per sq.ft (2024)
• Periya kalathumettu street: Rs 250 per sq.ft (2024)
• Radiance Jade Garden: Rs 3,284 per sq.ft (2024)
• Radiance Jade Garden - II: Rs 3,284 per sq.ft (2024)
• Palathotta Salai: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges Rs 22,500. 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 details.

Which Sub Registrar Office covers Pillayar Koil Street?

The Sub Registrar Office that covers Pillayar 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 Karasangal

The guideline value plays a crucial role in the registration process when buying or selling property in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street?

The current guideline value of Pillayar Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, decreased to Rs 167 per sq.ft in 2017, and stabilized at Rs 250 per sq.ft in 2023 and 2024.

What is the median guideline value in Karasangal?

The median guideline value for streets in Karasangal is Rs 402 per sq.ft, which is higher than the current value of Pillayar Koil Street.

What are the stamp duty and registration fees for property in Pillayar Koil Street?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles registrations for Pillayar Koil Street?

The Sriperumpudur Sub Registrar Office handles registrations for Pillayar Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.