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 1,651 per sq.ft, effective from 1 July 2024. This street is located in Potheri 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

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This remained unchanged until the 2017 revision, which reduced it to Rs 1,005 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,651 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The 2023 to 2024 revision shows a 10% increase as well. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,970 per sq.ft. The median value among these streets is Rs 770 per sq.ft, placing Pillaiyar Koil Street's 2024 figure above this 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 1,651 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 1,651 per sq.ft, the total guideline value amounts to Rs 16,51,000. The stamp duty at 7% would be Rs 1,15,570, and the registration fee at 2% would be Rs 33,020, bringing the total cost for these fees to Rs 1,48,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Potheri. 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 is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

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 1,651 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 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,651 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Street?

The land classification for Pillaiyar Koil Street (Ward-20) is Residential Special Type - III.

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

For a property valued at Rs 16,51,000, the stamp duty would be Rs 1,15,570, and the registration fee would be Rs 33,020, totaling Rs 1,48,590.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.