Guideline Value for PILLAIYAR KOIL STREET (WARD-20)

Pillaiyar Koil Street (Ward-20) guideline value

The current guideline value of Pillaiyar Koil Street (Ward-20) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Pillaiyar Koil Street (Ward-20) has changed

Over the years, the guideline value of Pillaiyar Koil Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the 2017 revision, where the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The subsequent 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision further raised it to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,500 per sq.ft. The median value among these streets is Rs 770 per sq.ft, making the 2024 figure for Pillaiyar Koil Street (Ward-20) above that median.

• Pillaiyar Koil Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Pilliyar Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Perumal Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Periyar Street (Ward-20): Rs 770 per sq.ft (2024)
• Psa Nagar (Ward -1): Rs 880 per sq.ft (2024)
• P.V.N. Avenue Thailavaram (Ward-21): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. Duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar Koil Street (Ward-20)?

The Sub Registrar Office that covers Pillaiyar Koil Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Konathi. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction price. It helps in calculating the necessary fees and ensures that the property is registered at a value that reflects the official rates set by the authorities.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street (Ward-20)?

The current guideline value of Pillaiyar Koil Street (Ward-20) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for Pillaiyar Koil Street (Ward-20)?

The land classification for Pillaiyar Koil Street (Ward-20) is Residential Special Type - III. This classification is important for understanding the zoning and usage of the property.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Pillaiyar Koil Street (Ward-20)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.