Guideline Value for PILLAIYAR KOIL 4TH STREET

Pillaiyar Koil 4th Street guideline value

The current guideline value for Pillaiyar Koil 4th Street is Rs 3,080 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Pillaiyar Koil 4th Street has changed

The guideline value for Pillaiyar Koil 4th Street has undergone several revisions over the years. In 2002, the value was Rs 421 per sq.ft, which increased to Rs 486 per sq.ft in 2003, marking a 15% rise. The value then saw a significant increase to Rs 1,000 per sq.ft in 2007, representing a 106% change. By 2012, the value remained at Rs 2,800 per sq.ft, showing a decline of 33% from the previous revision. In 2017, the value increased to Rs 1,876 per sq.ft, and then rose sharply to Rs 2,800 per sq.ft in 2023, before reaching the current value of Rs 3,080 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 632%. There are no figures available for the years not listed in the register for this street.

Guideline values in Ekkaduthangal

The village of Ekkaduthangal has a range of guideline values across its 190 streets under the Chennai South Joint I SRO, with values ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 4,620 per sq.ft, placing Pillaiyar Koil 4th Street's 2024 figure below that median.

• Pillaiyar Koil 5th Street: Rs 3,080 per sq.ft (2024)
• Pillaiyar Koil 4th Cross Street: Rs 3,080 per sq.ft (2024)
• Pillaiyar Koil 3rd St: Rs 3,080 per sq.ft (2024)
• Pillaiyar Koil 6th Street: Rs 3,080 per sq.ft (2024)
• Pillaiyar Koil 2nd St: Rs 3,080 per sq.ft (2024)
• Pillaiyar Koil 1st Street: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 4th Street

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

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Pillaiyar Koil 4th Street?

The Sub Registrar Office that covers Pillaiyar Koil 4th Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for additional information.

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

The guideline value plays a crucial role during property registration in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

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

Frequently asked questions

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

The current guideline value for Pillaiyar Koil 4th 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 significantly from Rs 421 per sq.ft in 2002 to Rs 3,080 per sq.ft in 2024, reflecting an overall increase of 632% over this period.

What is the stamp duty rate for properties in Pillaiyar Koil 4th Street?

The stamp duty rate for properties in Pillaiyar Koil 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the registration office for Pillaiyar Koil 4th Street?

The registration office for Pillaiyar Koil 4th Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value in Ekkaduthangal?

The median guideline value in Ekkaduthangal is Rs 4,620 per sq.ft, which is higher than the current value for Pillaiyar Koil 4th Street.