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 Panangottur village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

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

Over the years, the guideline value of Pillaiyar Koil Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by the latest revision in 2024, which raised it to Rs 660 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase, with the current value being Rs 660 per sq.ft.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. Pillaiyar Koil Street (Ward -17) has a guideline value 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 be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. 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 details.

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

Pillaiyar Koil Street (Ward -17) is covered by 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 Panangottur

The guideline value plays a crucial role in property transactions in Panangottur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the government and reflects the minimum value at which a property can be registered.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

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 changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Pillaiyar Koil Street (Ward -17) is classified as Residential Class I Type - III.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,60,000, the total fees would amount to Rs 59,400.

Where is the Sub Registrar Office for Pillaiyar Koil Street (Ward -17)?

The Sub Registrar Office covering Pillaiyar Koil Street (Ward -17) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.