Guideline Value for PILLAIYAR KOIL STREET (WARD -19)

Pillaiyar Koil Street (Ward -19) guideline value

The current guideline value of Pillaiyar Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Pillaiyar Koil Street (Ward -19) has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then changed to Rs 268 per sq.ft in the 2017 revision, marking a decrease of 33%. The following revision in 2023 adjusted the value to Rs 400 per sq.ft, and the most recent revision in 2024 raised it to Rs 440 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2017 revision to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The current value of Rs 440 per sq.ft is below the median guideline value of Rs 1,100 per sq.ft for Kattankollatur streets.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Pillaiyar Koil Street (Ward -19) below that median.

• Pillaiyar Koil Street (Ward -17): Rs 660 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 -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. Please 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 -19)?

The Sub Registrar Office covering Pillaiyar Koil Street (Ward -19) is 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 Kattankollatur

The guideline value plays a crucial role during property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives its due revenue from property transactions.

When registering a property, it is essential to check the latest guideline values to understand the financial implications of the transaction. This ensures that buyers and sellers are well-informed about the costs associated with property registration in Kattankollatur.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street (Ward -19)?

The current guideline value of Pillaiyar Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the median guideline value for streets in Kattankollatur?

The median guideline value for streets in Kattankollatur is Rs 1,100 per sq.ft. The guideline value for Pillaiyar Koil Street (Ward -19) is below this median.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a plot of 1,000 sq.ft at the current rate, the total charges would be Rs 39,600.

Where can I find more information about the Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office covers Pillaiyar Koil Street (Ward -19). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.