Guideline Value for PILLAIYAR KOIL (NEAR 100 FEET ROAD)

Pillaiyar Koil (Near 100 Feet Road) guideline value

The current guideline value for Pillaiyar Koil (Near 100 Feet Road) is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Pillaiyar Koil (Near 100 Feet Road) has changed

The guideline value for Pillaiyar Koil (Near 100 Feet Road) has seen several revisions over the years. In 2007, the value was Rs 1,150 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a 422% rise. However, it then decreased to Rs 4,020 per sq.ft in 2017, which was a 33% drop. The value rebounded to Rs 6,000 per sq.ft in 2023, and most recently, it has risen to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

Between 2017 and 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 474%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median of Rs 6,000 per sq.ft. The guideline value for Pillaiyar Koil (Near 100 Feet Road) is above this median.

• Pillai Street: Rs 5,000 per sq.ft (2024)
• Pillaiyar Koil Street (Near Panchaliamman Koil Street): Rs 6,600 per sq.ft (2024)
• Peter Raja Street: Rs 6,000 per sq.ft (2024)
• Perumal Koil Street: Rs 6,000 per sq.ft (2024)
• Perumal Koil Garden Street: Rs 6,000 per sq.ft (2024)
• Poonthamalee High Road: Rs 16,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil (Near 100 Feet Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Pillaiyar Koil (Near 100 Feet Road)?

The Sub Registrar Office that covers Pillaiyar Koil (Near 100 Feet Road) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When a property is sold, the guideline value is assessed to determine the applicable fees. Buyers should be aware that the stamp duty and registration fees will be based on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value for Pillaiyar Koil (Near 100 Feet Road)?

The current guideline value for Pillaiyar Koil (Near 100 Feet Road) is Rs 6,600 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 1,150 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 474% over the years.

What are the other streets in Arumbakkam and their guideline values?

Other streets in Arumbakkam include Pillai Street at Rs 5,000 per sq.ft, Peter Raja Street at Rs 6,000 per sq.ft, and Poonthamalee High Road at Rs 16,500 per sq.ft, among others.

How is stamp duty calculated for properties in Pillaiyar Koil?

Stamp duty for properties in Pillaiyar Koil is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.

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

The Sub Registrar Office for Pillaiyar Koil is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.