Guideline Value for PILLAIYAR KOIL MAIN ROAD

Pillaiyar Koil Main Road guideline value

The current guideline value of Pillaiyar Koil Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Main Road has changed

The guideline value for Pillaiyar Koil Main Road has seen several revisions over the years. Starting from Rs 245 per sq.ft in 2002, it increased to Rs 350 per sq.ft in 2003, marking a 43% rise. The value then rose significantly to Rs 800 per sq.ft in 2007, which represented a 129% increase. Following this, the value was revised to Rs 3,500 per sq.ft in 2012, a decrease of 33% from the previous figure. In 2017, the guideline value was set at Rs 2,345 per sq.ft, reflecting a 49% increase from 2012. The most recent revision in 2023 raised the value to Rs 3,500 per sq.ft, and the current value is Rs 3,900 per sq.ft from the 2024 revision, marking an 11% increase from the previous year.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Pillaiyar Koil Main Road's 2024 figure above this median.

• Pillaiyar Koil 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil 3rd Cross Street: Rs 2,200 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total cost for these fees Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillaiyar Koil Main Road?

The Sub Registrar Office that covers Pillaiyar Koil Main Road 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 plays a crucial role when buying or selling property in Perungudi. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately and fairly.

During the registration process, buyers and sellers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Main Road?

The current guideline value of Pillaiyar Koil Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 245 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1492% over the years.

What is the land classification for Pillaiyar Koil Main Road?

Pillaiyar Koil Main Road is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees amount to Rs 3,51,000.