Guideline Value for Aladi Pillaiyar Koil Thoppu Street

Aladi Pillaiyar Koil Thoppu Street guideline value

The current guideline value of Aladi Pillaiyar Koil Thoppu Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, classified as Residential Class III Type - I.

How the guideline value of Aladi Pillaiyar Koil Thoppu Street has changed

Over the years, the guideline value for Aladi Pillaiyar Koil Thoppu Street has undergone several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and then rose to Rs 880 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a substantial increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Aladi Pillaiyar Koil Thoppu Street's 2024 figure below this median.

• Aladi Pillaiyar Koil Street part (include Desigar Koil Street): Rs 4,400 per sq.ft (2024)
• Aladipillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Adisonpet Gandhi Road: Rs 11,000 per sq.ft (2024)
• Adisonpet Cheety Street: Rs 3,300 per sq.ft (2024)
• Ambethkar Kalani: Rs 880 per sq.ft (2024)
• Aanandapet Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Aladi Pillaiyar Koil Thoppu Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aladi Pillaiyar Koil Thoppu Street?

The Aladi Pillaiyar Koil Thoppu Street falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a critical factor during the registration of property transactions in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Aladi Pillaiyar Koil Thoppu Street?

The current guideline value of Aladi Pillaiyar Koil Thoppu Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

Which Sub Registrar Office covers this street?

The Kanchipuram Joint IV Sub Registrar Office covers Aladi Pillaiyar Koil Thoppu Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 8,80,000, the stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value and helps maintain transparency in real estate dealings.