Guideline Value for PILLAIYAR KOIL 3RD CROSS STREET

Pillaiyar Koil 3rd Cross Street guideline value

The current guideline value for Pillaiyar Koil 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Pillaiyar Koil 3rd Cross Street has changed

The guideline value for Pillaiyar Koil 3rd Cross Street has seen several revisions over the years. Starting from Rs 223 per sq.ft in 2002, it increased to Rs 350 per sq.ft in 2003, marking a change of +57%. The value then rose significantly to Rs 800 per sq.ft in 2007, reflecting a +129% increase. In 2012, the value was Rs 2,000 per sq.ft, which was a decrease of -33% from the previous revision. The 2017 revision saw a substantial increase to Rs 1,340 per sq.ft, which was a +49% change from 2012. The guideline value further increased to Rs 2,000 per sq.ft in 2023, and then to Rs 2,200 per sq.ft in 2024, representing a +10% rise.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +887%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Pillaiyar Koil 3rd Cross Street is below this median.

• Pillaiyar Koil 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Main Road: Rs 3,900 per sq.ft (2024)
• Pillaiyar Koil 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Perunthalaivar Kamaraj Nagar: Rs 3,300 per sq.ft (2024)
• Pillayar Koil II Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil 3rd Cross Street?

The Sub Registrar Office that covers Pillaiyar Koil 3rd 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. To find your SRO, you can visit find your SRO.

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

The guideline value is essential when registering property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the property is not undervalued during the registration process.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 3rd Cross Street?

The current guideline value of Pillaiyar Koil 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 223 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, showing a significant overall increase of +887%.

What is the land classification for Pillaiyar Koil 3rd Cross Street?

Pillaiyar Koil 3rd Cross Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, with a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Pillaiyar Koil 3rd Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Pillaiyar Koil 3rd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.