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 Sattamangalam village and falls 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 undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, which is an increase from Rs 400 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 268 per sq.ft, which means there was a significant increase of 49% by the time of the 2023 revision. The value was Rs 400 per sq.ft in 2012, indicating a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no registered figures for this street in the revisions of 2002, 2003, and 2007.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing the 2024 figure for Pillaiyar Koil Street (Ward -19) below this 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 rate of Rs 440 per sq.ft, the 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, totaling Rs 39,600. It is important to note that 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, 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 Sattamangalam

The guideline value plays a crucial role during the registration of property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline value.

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 2023 to Rs 440 per sq.ft in 2024, a 10% increase. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012, showing a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017.

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

Pillaiyar Koil Street (Ward -19) is classified as Residential Class II Type - II. This classification affects the guideline value and potential usage of the land.

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.

How is stamp duty calculated for properties in Sattamangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 440 per sq.ft incurs a stamp duty of Rs 30,800.