Guideline Value for PILLAIYAR KOIL 1ST CROSS STREET

Pillaiyar Koil 1st Cross Street guideline value

The current guideline value of Pillaiyar Koil 1st Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Pillaiyar Koil 1st Cross Street has changed

In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. This increased to Rs 2,800 per sq.ft in the 2024 revision, marking a significant change of +67%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

The guideline value has seen a considerable increase from the 2017 figure to the current 2024 figure. The steady rise reflects the changes in land classification and local development, although specific figures for other revisions are not available for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median of Rs 2,200 per sq.ft. The guideline value of Pillaiyar Koil 1st Cross Street is above this median.

• Pillaiyar Koil 1st Street: Rs 2,800 per sq.ft (2024)
• Pillaiyar Koil 2nd Street: Rs 2,800 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,800 per sq.ft (2024)
• Pillaiyar Koil Street (Near Ponniyamman Koil Street/Bharathi Nagar): Rs 2,200 per sq.ft (2024)
• Pilliyar Koil Steet (Akkarai): Rs 2,200 per sq.ft (2024)
• P.Nagar 1st Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 1st Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. 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 more details.

Which Sub Registrar Office covers Pillaiyar Koil 1st Cross Street?

The Sub Registrar Office that covers Pillaiyar Koil 1st Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during property transactions in Sholinganallur - 1. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are aligned with the current market conditions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 1st Cross Street?

The current guideline value of Pillaiyar Koil 1st Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by +67%, rising from Rs 1,675 per sq.ft to Rs 2,800 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil 1st Cross Street?

The land classification for Pillaiyar Koil 1st Cross Street is Residential Class II Type - II.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.