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 Sattamangalam village and falls 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 undergone several revisions. The earliest recorded revision is from 2012, which set the value at Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the guideline value increased to Rs 600 per sq.ft, and the most recent revision in 2024 raised it to Rs 660 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but it increased by 49% from 2017 to 2023. The guideline value saw a 10% increase from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the 2024 guideline value for Pillaiyar Koil Street (Ward -17) 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 is 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, totaling 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 Sattamangalam

The guideline value is a crucial factor in the registration process when buying or selling property in Sattamangalam. 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 helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to calculate their costs effectively.

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 significantly from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024. There was a decrease to Rs 402 per sq.ft in 2017, followed by an increase to Rs 600 per sq.ft in 2023.

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

Pillaiyar Koil Street (Ward -17) is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.