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 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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 undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and the most recent revision in 2024 has raised it to Rs 550 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the current 2024 value, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which indicates that Pillaiyar Koil Street (Ward -19) is below the median value.

• Pillaiyar Koil Street (Ward -17): Rs 661 per sq.ft (2024)
• Pillai Tamiz Street (N): Rs 661 per sq.ft (2024)
• Pilliyar Koil Street (Ward -2): Rs 550 per sq.ft (2024)
• Pilliyar Koil Street (Ward -3): Rs 990 per sq.ft (2024)
• Pethanaidu Street (Ward -17): Rs 661 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total fees together Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 Peramanoor

The guideline value is a crucial factor in property transactions in Peramanoor, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the costs involved in the transaction.

It is important for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process. Understanding the guideline value can help in making informed decisions regarding property transactions in the area.

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value for streets in Peramanoor?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street (Ward -19)?

The Sub Registrar Office for Pillaiyar Koil Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.