Guideline Value for pillaiyar koil street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Udaiyavarkoil 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 several revisions over the years. Starting from Rs 72 per sq.ft in 2003, it increased to Rs 100 per sq.ft in 2007, followed by a significant rise to Rs 750 per sq.ft in 2012. However, it decreased to Rs 502 per sq.ft in 2017 before climbing to Rs 750 per sq.ft again in 2023. The latest revision in 2024 set the value at Rs 825 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1046%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Pillaiyar Koil Street above this median.

• Rajarathinam salai: Rs 550 per sq.ft (2024)
• Othandeeswarar Nagar: Rs 550 per sq.ft (2024)
• Nedunsalai: Rs 990 per sq.ft (2024)
• R.K Avenue: Rs 550 per sq.ft (2024)
• Sababathy Mudaliar street: Rs 550 per sq.ft (2024)
• Sannathi Street: Rs 550 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 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. 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 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 Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Udaiyavarkoil. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value acts as a benchmark. Buyers and sellers must consider this value during negotiations, as it influences the overall cost of the transaction, including the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 72 per sq.ft in 2003 to Rs 825 per sq.ft in 2024, marking an overall increase of 1046% over this period.

What is the median guideline value for streets in Udaiyavarkoil?

The median guideline value for streets in Udaiyavarkoil is Rs 550 per sq.ft, with Pillaiyar Koil Street's value being above this median.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street?

The Sub Registrar Office for Pillaiyar Koil Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.