Guideline Value for PILLAIYAR KOIL 1ST TO 3RD STREET

Pillaiyar Koil 1st To 3rd Street guideline value

The current guideline value for Pillaiyar Koil 1st To 3rd Street is Rs 3,080 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Pillaiyar Koil 1st To 3rd Street has changed

The guideline value for Pillaiyar Koil 1st To 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,800 per sq.ft. This was followed by a decrease to Rs 1,876 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,800 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 3,080 per sq.ft, a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,530 per sq.ft, positioning Pillaiyar Koil 1st To 3rd Street's 2024 value above this median.

• Pillaiyar Koil Street: Rs 3,080 per sq.ft (2024)
• Periya Street (Kabali Street): Rs 2,530 per sq.ft (2024)
• Pattammal Colony: Rs 2,160 per sq.ft (2024)
• Parri Colony: Rs 2,530 per sq.ft (2024)
• Pudu Street: Rs 2,200 per sq.ft (2024)
• Purusothaman Nagar 1st Cross Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 1st To 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value amounts to Rs 30,80,000. The stamp duty at 7% would be Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total cost for these fees to Rs 2,77,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillaiyar Koil 1st To 3rd Street?

The Sub Registrar Office that covers Pillaiyar Koil 1st To 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kilkattalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the transaction is recorded accurately and fairly in the official registry.

Frequently asked questions

What is the current guideline value for Pillaiyar Koil 1st To 3rd Street?

The current guideline value for Pillaiyar Koil 1st To 3rd Street is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then back to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,080 per sq.ft in 2024.

What is the median guideline value in Kilkattalai?

The median guideline value in Kilkattalai is Rs 2,530 per sq.ft, which is lower than the current value of Pillaiyar Koil 1st To 3rd Street.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.