Guideline Value for PILLAIYAR KOIL STREET (WARD -19)

Pillaiyar Koil Street (Ward -19) guideline value

The current guideline value for Pillaiyar Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is 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. In 2012, the guideline value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. Following this, there was a significant increase to Rs 400 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 440 per sq.ft, marking a 10% increase from 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register does not have figures for the years 2002, 2003, and 2007 for Pillaiyar Koil Street. This lack of data means we can only consider the revisions from 2012 onwards for understanding the changes in the guideline value.

Guideline values in Panangottur

In Panangottur, there are a total of 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. The median guideline value in this area is Rs 990 per sq.ft, which means that Pillaiyar Koil Street's 2024 figure is below the 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 would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800. Together, these fees would total Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, 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, in the 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 when buying or selling property in Panangottur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value helps in establishing a legal framework for the transaction. It ensures that the government receives the appropriate revenue from the sale, contributing to local development and infrastructure.

Frequently asked questions

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

The current guideline value for 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 increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

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

The land classification for Pillaiyar Koil Street (Ward -19) is Residential Class II Type - II.

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, in the Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Pillaiyar Koil Street (Ward -19)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 39,600.