Guideline Value for PILLAIYAR KOIL STREET (WARD -9)

Pillaiyar Koil Street (Ward -9) guideline value

The current guideline value of Pillaiyar Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor 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 -9) has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 550 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase in the guideline value.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,510 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, positioning Pillaiyar Koil Street's 2024 figure below this median.

• Perumal Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Peria Palayathamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)
• Palayathamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Padavattamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to 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 -9)?

The Sub Registrar Office that covers Pillaiyar Koil Street (Ward -9) 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 Goodaloor

The guideline value is a crucial factor when registering property transactions in Goodaloor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a buyer or seller approaches the Sub Registrar Office, the guideline value will be referenced to calculate the necessary fees, ensuring that the transaction adheres to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street (Ward -9)?

The current guideline value of Pillaiyar Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated, with the most recent increase being a 10% rise from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. The value was Rs 335 per sq.ft in 2017, which was a decrease from Rs 500 per sq.ft in 2012.

What is the land classification for Pillaiyar Koil Street?

The land classification for Pillaiyar Koil Street (Ward -9) is Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Pillaiyar Koil Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Pillaiyar Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 38,500 at 7% of Rs 5,50,000.