Guideline Value for PILLAIYAR KOIL CROSS STREET

Pillaiyar Koil Cross Street guideline value

The current guideline value of Pillaiyar Koil Cross Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Class V Type - I.

How the guideline value of Pillaiyar Koil Cross Street has changed

The guideline value for Pillaiyar Koil Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 800 per sq.ft, and the most recent 2024 revision has further raised it to Rs 850 per sq.ft, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 21% increase in the guideline value. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, indicating that Pillaiyar Koil Cross Street's 2024 figure is below this median.

• Pillaiyar Koil Street: Rs 850 per sq.ft (2024)
• Perumpakkam To Solinganallur Main Road: Rs 3,700 per sq.ft (2024)
• Perumbakkam Main Road And 1st -2nd Cross Street: Rs 3,700 per sq.ft (2024)
• Perumal Nagar: Rs 2,725 per sq.ft (2024)
• Periyapalayathamman Koil Street: Rs 1,625 per sq.ft (2024)
• Poonga Road: Rs 1,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total to Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pillaiyar Koil Cross Street?

The Sub Registrar Office that covers Pillaiyar Koil Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations better.

Frequently asked questions

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

The current guideline value of Pillaiyar Koil Cross Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Cross Street?

Pillaiyar Koil Cross Street is classified as Residential Class V Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Pillaiyar Koil Cross Street?

The stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 8,50,000 would incur a stamp duty of Rs 59,500.