Guideline Value for Pirabu Avenue

Pirabu Avenue guideline value

The current guideline value of Pirabu Avenue is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pirabu Avenue has changed

The guideline value for Pirabu Avenue has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 50 per sq.ft. This value significantly increased to Rs 900 per sq.ft in 2012. However, in 2017, it dropped to Rs 603 per sq.ft before rising again to Rs 900 per sq.ft in 2023. The latest revision in 2024 maintains this figure at Rs 900 per sq.ft, showing no change from the previous year.

Between the revisions, the guideline value experienced notable changes. From 2007 to 2012, there was a remarkable increase of 1700%. Following that, the value decreased by 33% from 2012 to 2017. The increase from 2017 to 2023 was 49%, and overall, from 2007 to 2024, the guideline value has risen by 1700%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value of Pirabu Avenue is above this median.

• Pinjukutti Street: Rs 1,000 per sq.ft (2024)
• Periya Sengundhar Koil Street: Rs 1,200 per sq.ft (2024)
• Periya Narasambetai Street: Rs 1,500 per sq.ft (2024)
• Pazhaiya Hospital Street: Rs 1,000 per sq.ft (2024)
• Pavodum Thoppu Theru: Rs 1,000 per sq.ft (2024)
• Pattangulam: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Pirabu Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, resulting in a total of Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pirabu Avenue?

The Sub Registrar Office that covers Pirabu Avenue is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial aspect when registering property transactions in Uthiramerur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair price for the property being registered. It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pirabu Avenue?

The current guideline value of Pirabu Avenue is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, with the most significant increase occurring from Rs 50 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, and overall, it has increased by 1700% from 2007 to 2024.

What are the stamp duty and registration fees for property in Pirabu Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 9,00,000. The stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000.

Which office handles property registration for Pirabu Avenue?

The Uthiramerur Sub Registrar Office handles property registration for Pirabu Avenue, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the land classification for Pirabu Avenue?

Pirabu Avenue is classified as Residential Class II Type - I, indicating its suitability for residential development.