Guideline Value for PILLAIYAR KOIL STREET "THANGAM COLONY"

Pillaiyar Koil Street "thangam Colony" guideline value

The current guideline value of Pillaiyar Koil Street "thangam Colony" is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street "thangam Colony" has changed

The guideline value for Pillaiyar Koil Street "thangam Colony" has seen significant changes over the years. In 2002, the value was Rs 1,056 per sq.ft, which increased to Rs 1,205 per sq.ft in 2003. Following this, the value rose to Rs 1,750 per sq.ft in 2007, marking a substantial increase of 329%. The value then decreased to Rs 7,500 per sq.ft in 2012, a drop of 33%. In 2017, it saw a notable increase to Rs 5,025 per sq.ft, followed by a rise to Rs 7,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 8,200 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 677%. There are no figures available for the revisions in the years not listed in the register for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value for the village is Rs 4,900 per sq.ft, and Pillaiyar Koil Street "thangam Colony" is above this median.

• Pillaiyar Koil Street "police Station Street": Rs 5,500 per sq.ft (2024)
• PIONEER COLONY 7th AVEUNE: Rs 13,200 per sq.ft (2024)
• Ponni Colony: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 25th STREET: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 26th STREET: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 27th STREET: Rs 9,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street "thangam Colony"

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would amount to Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total to Rs 7,38,000. 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 "thangam Colony"?

Pillaiyar Koil Street "thangam Colony" falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

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

The guideline value is a critical component in the property registration process in Villivakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal transactions.

It is essential for buyers and sellers to be aware of the guideline value as it can affect the overall cost of the transaction. The registration office uses this value to ensure that the correct fees are applied based on the property’s classification and location.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street "thangam Colony"?

The current guideline value of Pillaiyar Koil Street "thangam Colony" is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,056 in 2002 to Rs 8,200 in 2024, marking an overall increase of 677% over the years.

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, with Pillaiyar Koil Street "thangam Colony" being above this median.

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

For a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000 and the registration fee would be Rs 1,64,000, totaling Rs 7,38,000.

Where is the Sub Registrar Office for Pillaiyar Koil Street "thangam Colony" located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.