Guideline Value for PILLAIYAR KOIL 4TH CROSS STREET

Pillaiyar Koil 4th Cross Street guideline value

The current guideline value of Pillaiyar Koil 4th 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 4th Cross Street has changed

The guideline value for Pillaiyar Koil 4th Cross Street has seen significant changes over the years. In 2003, the value was Rs 350 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a 129% rise. The value then jumped to Rs 2,000 per sq.ft in 2012, a 150% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision, representing a 10% increase from the previous year.

The register does not have figures for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 529%.

Guideline values in Perungudi

In Perungudi village, 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 4th Cross Street is below this median.

• Pillaiyar Koil 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Main Road: Rs 3,900 per sq.ft (2024)
• Pillaiyar Koil 2nd Cross Street: Rs 2,200 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 4th 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 amounts to 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, making the total cost for these fees Rs 1,98,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil 4th Cross Street?

The Sub Registrar Office that covers Pillaiyar Koil 4th 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 Perungudi

The guideline value is a crucial factor in the registration process when buying or selling property in Perungudi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair price.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 4th Cross Street?

The current guideline value of Pillaiyar Koil 4th 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 changed from Rs 350 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 529% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Pillaiyar Koil 4th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically based on various factors. It serves as a reference point for property transactions in the area.