Guideline Value for PILLAI TAMIZ STREET (N)

Pillai Tamiz Street (N) guideline value

The current guideline value of Pillai Tamiz Street (N) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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 earliest recorded revision is from 2012, where the value was Rs 600 per sq.ft. In 2017, this figure decreased to Rs 402 per sq.ft, marking a decline of 33%. However, the value saw a significant increase to Rs 600 per sq.ft in 2023, and then further increased by 10% to reach Rs 661 per sq.ft in the 2024 revision.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Pillai Tamiz Street (N) has a guideline value below this median.

• Pethanaidu Street (Ward -17): Rs 661 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -17): Rs 661 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -19): Rs 550 per sq.ft (2024)
• Perumal Koil Street (Ward -17): Rs 661 per sq.ft (2024)
• Pilliyar Koil Street (Ward -2): Rs 550 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total cost for these fees to Rs 59,490. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers 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 information.

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

The guideline value is a crucial factor when buying or selling property in Peramanoor. It serves as a reference point for determining the minimum value of a property, ensuring that transactions are conducted fairly and transparently. When registering a property, this value is used to calculate applicable fees such as stamp duty and registration charges.

During the registration process, the guideline value helps in establishing the official value of the property, which is essential for legal documentation and taxation purposes. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the transaction.

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 661 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Pillai Tamiz Street (N)?

For a 1,000 sq.ft plot valued at Rs 6,61,000, the stamp duty would be Rs 46,270 and the registration fee would be Rs 13,220, totaling Rs 59,490.

Which office handles the registration for Pillai Tamiz Street (N)?

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

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

The land classification for Pillai Tamiz Street (N) is Residential Class I Type - III.