Guideline Value for PILLAI TAMIZ STREET (N)

Pillai Tamiz Street (N) guideline value

The current guideline value of Pillai Tamiz Street (N) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pillai Tamiz Street (N) has changed

The guideline value for Pillai Tamiz Street (N) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and in the latest 2024 revision, it rose again to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Pillai Tamiz Street (N) in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the current guideline value of Rs 660 per sq.ft for Pillai Tamiz Street (N) below the median.

• Pethanaidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -19): Rs 440 per sq.ft (2024)
• Perumal Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Pilliyar Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Pilliyar Koil Street (Ward -3): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Pillai Tamiz Street (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillai Tamiz Street (N)?

The Sub Registrar Office covering Pillai Tamiz Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Pillai Tamiz Street (N)?

The current guideline value of Pillai Tamiz Street (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Pillai Tamiz Street (N)?

Pillai Tamiz Street (N) is classified as Residential Class I Type - III.

Which Sub Registrar Office covers this area?

The Chengleput Joint II Sub Registrar Office covers Pillai Tamiz Street (N), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200.