Guideline Value for PILLAIYAR KOIL STREET

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Kadappakkam village, under the Thiruvottiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has undergone several revisions over the years. Starting from Rs 20 per sq.ft in 2002, it increased to Rs 22 per sq.ft in 2003, marking a 10% rise. In 2007, the value jumped significantly to Rs 100 per sq.ft, which was a 355% increase. The next revision in 2012 saw a decrease to Rs 600 per sq.ft, a drop of 33%. However, in 2017, the value rose to Rs 402 per sq.ft, reflecting a 149% increase. The value continued to increase in 2023 to Rs 1,000 per sq.ft, and the latest revision in 2024 shows a slight increase to Rs 1,002 per sq.ft, which is a change of 0%.

Overall, from 2002 to 2024, the guideline value has increased by 4,910%. There are no figures available for revisions in years other than those listed.

Guideline values in Kadappakkam

In Kadappakkam, there are 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,002 per sq.ft, which is equal to the guideline value of Pillaiyar Koil Street.

• Perumal Koil Street: Rs 1,002 per sq.ft (2024)
• Ponneri High Road: Rs 1,003 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 1,002 per sq.ft (2024)
• Muthu Complex: Rs 1,002 per sq.ft (2024)
• Manali New Town (T N H B & C M D A): Rs 1,100 per sq.ft (2024)
• Madras Redhills Road: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total cost for these fees Rs 90,180. Please note that 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 Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar 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 Kadappakkam

The guideline value is a crucial factor when registering property transactions in Kadappakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the buyer and seller must declare the sale price, but the registration office will use the guideline value to calculate applicable fees. This ensures that the fees are based on a standardized value set by the authorities, providing clarity and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 1,002 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 20 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 4,910% over the years.

What are the other streets in Kadappakkam with similar guideline values?

Other streets in Kadappakkam with similar guideline values include Perumal Koil Street and Rajivgandhi Nagar, both at Rs 1,002 per sq.ft in 2024.

What fees are associated with buying property on Pillaiyar Koil Street?

When buying property on Pillaiyar Koil Street, the stamp duty is 7% and the registration fee is 2% of the guideline value, which is Rs 1,002 per sq.ft.

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

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