Guideline Value for PILLAIYAR KOIL STREET (WARD -17)

Pillaiyar Koil Street (Ward -17) guideline value

The current guideline value of Pillaiyar Koil Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pillaiyar Koil Street (Ward -17) has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 600 per sq.ft. The most recent revision in 2024 increased it further to Rs 660 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which means that Pillaiyar Koil Street's 2024 figure is below this median.

• Pillaiyar Koil Street (Ward -19): Rs 440 per sq.ft (2024)
• Pillai Tamiz Street (N): Rs 660 per sq.ft (2024)
• Pilliyar Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Pilliyar Koil Street (Ward -3): Rs 990 per sq.ft (2024)
• Pethanaidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Poigaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillaiyar Koil Street (Ward -17)?

The Sub Registrar Office that covers Pillaiyar Koil Street (Ward -17) 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. 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 to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street (Ward -17)?

The current guideline value of Pillaiyar Koil Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several revisions, starting from Rs 600 per sq.ft in 2012, decreasing to Rs 402 per sq.ft in 2017, and then increasing to Rs 600 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 660 per sq.ft.

What is the land classification for Pillaiyar Koil Street (Ward -17)?

The land classification for Pillaiyar Koil Street (Ward -17) is Residential Class I Type - III, indicating its suitability for residential purposes.

What are the other streets in Kattankollatur with their guideline values?

Other streets in Kattankollatur include Pillaiyar Koil Street (Ward -19) at Rs 440 per sq.ft, Pillai Tamiz Street (N) at Rs 660 per sq.ft, and Pilliyar Koil Street (Ward -3) at Rs 990 per sq.ft, among others.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Pillaiyar Koil Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.