Guideline Value for Pillayar Kovil Street

Pillayar Kovil Street guideline value

The current guideline value of Pillayar Kovil Street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Umaiyal Parancheri village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pillayar Kovil Street has changed

Over the years, the guideline value of Pillayar Kovil Street has seen several revisions. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged until the 2023 revision, where it was also recorded at Rs 175 per sq.ft. The 2017 revision saw a significant increase to Rs 117 per sq.ft, marking a 50% increase from the previous revision. However, from 2012 to 2017, there was a decrease of 33% from Rs 175 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 175 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the most recent revisions are from 2012, 2017, 2023, and 2024, with the current guideline value being Rs 175 per sq.ft.

Guideline values in Umaiyal Parancheri

In Umaiyal Parancheri, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Pillayar Kovil Street's 2024 figure below that median.

• Perumal Kovil Street: Rs 200 per sq.ft (2024)
• Park City: Rs 500 per sq.ft (2024)
• Rattinamkinaru Street: Rs 175 per sq.ft (2024)
• MuthuKumaran Nagar: Rs 250 per sq.ft (2024)
• M.R.Rajamani Nagar: Rs 200 per sq.ft (2024)
• Mariamman Kovil Street( Kulakkarai Street): Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total fees to Rs 15,750. Please note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillayar Kovil Street?

The Sub Registrar Office that covers Pillayar Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Umaiyal Parancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When you proceed with a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all parties are aware of the financial obligations associated with the sale, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Pillayar Kovil Street?

The current guideline value of Pillayar Kovil Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft since 2012, with a notable increase to Rs 117 per sq.ft in 2017. However, it has not changed from Rs 175 per sq.ft in the revisions from 2012 to 2024.

What are the other streets in Umaiyal Parancheri?

Other streets in Umaiyal Parancheri include Perumal Kovil Street, Park City, Rattinamkinaru Street, MuthuKumaran Nagar, M.R.Rajamani Nagar, and Mariamman Kovil Street (Kulakkarai Street), each with varying guideline values.

Where can I find the Sub Registrar Office for Pillayar Kovil Street?

The Sub Registrar Office for Pillayar Kovil Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Umaiyal Parancheri?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 175 per sq.ft, the total fees would include stamp duty and registration fees calculated accordingly.