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 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai 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 -19) has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. This was a decline of 33%. However, in the 2023 revision, the value increased significantly to Rs 600 per sq.ft, and then further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

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

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Pillaiyar Koil Street's 2024 figure 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 660 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 1,321 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 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, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. It is important to note that 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 -19)?

The Sub Registrar Office that covers 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 details.

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

The guideline value is a crucial factor when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to accurately calculate their financial obligations.

When a property is registered, the guideline value is used to assess the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the state revenue is protected during property transactions.

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 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 600 per sq.ft to Rs 660 per sq.ft in 2024. Notably, there was a decline to Rs 402 per sq.ft in 2017, followed by increases in subsequent revisions.

What is the land classification for Pillaiyar Koil Street (Ward -19)?

Pillaiyar Koil Street (Ward -19) is classified as Residential Class I Type - III. This classification is important for understanding the zoning and permissible uses of the property.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Ninna Karai?

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