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 Thailavaram village and falls under the Chengleput Joint II SRO, classified as 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, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 has increased the guideline value to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 770 per sq.ft, placing Pillaiyar Koil Street's value 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)
• P.N.N Avenue: Rs 2,200 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 881 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, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

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

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

The guideline value is an essential factor when registering property transactions in Thailavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the official value of the property, which is crucial for legal and financial purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

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 2012 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase overall during this period.

What is the registration office for Pillaiyar Koil Street (Ward-20)?

The registration office for Pillaiyar Koil Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Thailavaram?

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%.

What are the other streets in Thailavaram with guideline values?

Other streets in Thailavaram include Pillaiyar Koil Street Thailavaram (Ward-21) at Rs 660 per sq.ft, Pilliyar Koil Street (Ward -1) at Rs 770 per sq.ft, and P.N.N Avenue at Rs 2,200 per sq.ft, among others.