Guideline Value for Pudu Pillaiyar Koil Street

Pudu Pillaiyar Koil Street guideline value

The current guideline value of Pudu Pillaiyar Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Mannurpet village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pudu Pillaiyar Koil Street has changed

The guideline value for Pudu Pillaiyar Koil Street has seen several revisions over the years. In 2002, the value was Rs 275 per sq.ft, which increased to Rs 303 per sq.ft in 2003, marking a 10% rise. The value continued to climb, reaching Rs 800 per sq.ft in 2007, a significant increase of 164%. By 2012, the guideline value was Rs 1,600 per sq.ft, reflecting a 100% increase from the previous revision. However, it dropped to Rs 1,072 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 1,600 per sq.ft, which was a 49% increase. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, representing a 6% increase from the previous year. The overall change from 2002 to 2024 shows a substantial increase of 518%. There are no figures available for any other years for this street.

Guideline values in Mannurpet

In Mannurpet, there are 38 streets under the Konnur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Pudu Pillaiyar Koil Street's 2024 figure above that median.

• Pillaiyar Koil Street: Rs 1,700 per sq.ft (2024)
• Perumal Koil Street: Rs 1,300 per sq.ft (2024)
• Pattaraivakkam Road: Rs 1,700 per sq.ft (2024)
• Padasalai Street: Rs 1,100 per sq.ft (2024)
• Nehru Nagar: Rs 1,300 per sq.ft (2024)
• Shri Pedarimalayathamman Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pudu Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudu Pillaiyar Koil Street?

The Sub Registrar Office that covers Pudu Pillaiyar Koil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Mannurpet. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements set by the government.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions. It is essential for both buyers and sellers to be aware of the guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Pudu Pillaiyar Koil Street?

The current guideline value of Pudu Pillaiyar Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 275 per sq.ft to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 518% over the years.

What is the registration office for Pudu Pillaiyar Koil Street?

The registration office for Pudu Pillaiyar Koil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,53,000.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator available online.