Guideline Value for KUTHADUM PILLAIYAR KOIL STREET

Kuthadum Pillaiyar Koil Street guideline value

The current guideline value of Kuthadum Pillaiyar Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kuthadum Pillaiyar Koil Street has changed

The guideline value for Kuthadum Pillaiyar Koil Street has undergone several revisions over the years. The earliest recorded value in 2002 was Rs 745 per sq.ft, which increased to Rs 857 per sq.ft in 2003. Following that, the value rose significantly to Rs 1,300 per sq.ft in 2007, and then to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. The guideline value then increased to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,950 per sq.ft as per the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The value saw a significant rise of 246% from 2007 to 2012. The overall change from 2002 to 2024 reflects an increase of 564%. There are no revision figures available for the years between the listed revisions for Kuthadum Pillaiyar Koil Street.

Guideline values in Saidapet

In Saidapet, there are 52 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making Kuthadum Pillaiyar Koil Street's 2024 figure above the median.

• Kodambakkam Road 12 Feet Lane: Rs 4,400 per sq.ft (2024)
• Kodambakkam Road: Rs 8,250 per sq.ft (2024)
• Kistappa Naicker Street: Rs 3,300 per sq.ft (2024)
• Kavarai Street: Rs 4,400 per sq.ft (2024)
• Mani Mudali Street: Rs 2,750 per sq.ft (2024)
• Karunanidhi 2nd Street: Rs 2,750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost together to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kuthadum Pillaiyar Koil Street?

The Sub Registrar Office that covers Kuthadum Pillaiyar Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Saidapet. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value of Kuthadum Pillaiyar Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 745 in 2002 to Rs 4,950 in 2024, reflecting an overall increase of 564% over the years.

What is the land classification of Kuthadum Pillaiyar Koil Street?

Kuthadum Pillaiyar Koil Street is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Kuthadum Pillaiyar Koil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Kuthadum Pillaiyar Koil Street?

The 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 property at the current guideline value, the stamp duty would amount to Rs 3,46,500.