Guideline Value for PEILLAIYAR KOIL STREET

Peillaiyar Koil Street guideline value

The current guideline value of Peillaiyar Koil Street is Rs 3,700 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Peillaiyar Koil Street has changed

Over the years, the guideline value of Peillaiyar Koil Street has seen significant changes. The 2007 revision set the value at Rs 900 per sq.ft, which increased dramatically to Rs 3,400 per sq.ft in 2012, marking a rise of 278%. However, the value dropped to Rs 2,278 per sq.ft in 2017, a decline of 33%. The 2023 revision brought the value back up to Rs 3,400 per sq.ft, and the latest revision in 2024 has increased it further to Rs 3,700 per sq.ft, reflecting a 9% increase from the previous year. There are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 rate, the guideline value has risen by 311%, showcasing the fluctuations in property values over the years.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Peillaiyar Koil Street's 2024 figure above that median.

• Pattinathar Koil Street: Rs 3,300 per sq.ft (2024)
• Periya Mettu Palayam Streets: Rs 3,300 per sq.ft (2024)
• Periyar Nagar: Rs 3,700 per sq.ft (2024)
• Pananthoppu Colony (Market Lane): Rs 2,800 per sq.ft (2024)
• Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Palaya Kinaru Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Peillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value would be Rs 37,00,000. The stamp duty at 7% would amount to Rs 2,59,000, and the registration fee at 2% would be Rs 74,000. Together, the total cost for these fees would be Rs 3,33,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Peillaiyar Koil Street?

The Sub Registrar Office that covers Peillaiyar Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvottiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable during the registration process. This ensures that the transaction is recorded accurately and reflects the official value set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. The guideline value serves as a benchmark for property prices in the area and helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Peillaiyar Koil Street?

The current guideline value of Peillaiyar Koil Street is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 900 per sq.ft in 2007 to Rs 3,700 per sq.ft in 2024, reflecting an overall increase of 311% over the years.

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

For a property valued at Rs 37,00,000, the stamp duty would be Rs 2,59,000 and the registration fee would be Rs 74,000, totaling Rs 3,33,000.

Which office handles registrations for Peillaiyar Koil Street?

The Thiruvottiyur Sub Registrar Office handles registrations for Peillaiyar Koil Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

Where can I find more information about guideline values in Thiruvottiyur?

More information about guideline values in Thiruvottiyur can be found in the registration department's guideline value register, which lists the values for various streets in the area.