Guideline Value for PILLAIYAR KOIL 2ND STREET

Pillaiyar Koil 2nd Street guideline value

The current guideline value of Pillaiyar Koil 2nd 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 2nd Street has changed

The guideline value for Pillaiyar Koil 2nd Street has seen significant changes over the years. The last recorded revision was in 2024, where the value was set at Rs 2,800 per sq.ft. Prior to this, in the 2017 revision, the guideline value was Rs 1,675 per sq.ft, marking an increase of 67% from 2017 to 2024. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the current 2024 figure, the increase reflects the evolving landscape of the area. The absence of figures in the previous revisions indicates that there were no updates to the guideline value during those years for Pillaiyar Koil 2nd Street.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Pillaiyar Koil 2nd Street's 2024 figure above this median.

• Pillaiyar Koil 1st Street: Rs 2,800 per sq.ft (2024)
• Pillaiyar Koil 1st Cross 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to 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 cost for these fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Pillaiyar Koil 2nd Street?

The Sub Registrar Office that covers Pillaiyar Koil 2nd Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Sholinganallur - 1. When buying or selling property, it is essential to refer to the guideline value to determine the applicable stamp duty and registration fees.

During the registration process, the guideline value is used to calculate the fees, ensuring that both buyers and sellers are aware of the financial implications of their property transactions. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 2nd Street?

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

How much has the guideline value changed since the last revision?

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

What is the land classification for Pillaiyar Koil 2nd Street?

Pillaiyar Koil 2nd Street is classified as Residential Class II Type - II.

Which office handles registrations for Pillaiyar Koil 2nd Street?

The Neelankarai Sub Registrar Office handles registrations for Pillaiyar Koil 2nd Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Pillaiyar Koil 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at 7%.