Guideline Value for CHENKAZHUNEER PILLIAYAR KOIL STREET

Chenkazhuneer Pilliayar Koil Street guideline value

The current guideline value of Chenkazhuneer Pilliayar Koil Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Chenkazhuneer Pilliayar Koil Street has changed

In the 2012 revision, the guideline value was Rs 10,000 per sq.ft. This figure was reduced to Rs 6,700 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 10,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 11,000 per sq.ft, which is a 10% increase from the previous year.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value is Rs 8,800 per sq.ft, placing Chenkazhuneer Pilliayar Koil Street above this median at Rs 11,000 per sq.ft.

• Chellammal Thottam: Rs 3,300 per sq.ft (2024)
• Chidambaram Samy Koil 2nd Street: Rs 7,100 per sq.ft (2024)
• Chidambaram Samy Koil 3rd Street: Rs 7,100 per sq.ft (2024)
• Chidambaram Samy Koil 4th Street: Rs 7,100 per sq.ft (2024)
• Chidambaram Samy Koil Street: Rs 7,100 per sq.ft (2024)
• Chavali Avenue: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chenkazhuneer Pilliayar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total fees to Rs 9,90,000. 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 Chenkazhuneer Pilliayar Koil Street?

The Sub Registrar Office that covers Chenkazhuneer Pilliayar Koil Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mylapore. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chenkazhuneer Pilliayar Koil Street?

The current guideline value of Chenkazhuneer Pilliayar Koil Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then increased to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What are the other streets in Mylapore with their guideline values?

Other streets in Mylapore include Chellammal Thottam at Rs 3,300 per sq.ft, Chidambaram Samy Koil 2nd Street at Rs 7,100 per sq.ft, and Chavali Avenue at Rs 9,300 per sq.ft, among others.

How is stamp duty calculated for properties in Chenkazhuneer Pilliayar Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 7,70,000.

Where is the Sub Registrar Office for Chenkazhuneer Pilliayar Koil Street located?

The Sub Registrar Office for Chenkazhuneer Pilliayar Koil Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.