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 551 per sq.ft. This street is located in Kadampur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

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. The earliest available figure is from 2012, where the value was Rs 500 per sq.ft. In 2017, it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, and then to Rs 551 per sq.ft in 2024, reflecting a 10% rise. The overall change from 2012 to 2024 is an increase of 10%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The guideline values from the revisions are as follows: 2012 at Rs 500 per sq.ft, 2017 at Rs 335 per sq.ft, 2023 at Rs 500 per sq.ft, and the current value for 2024 at Rs 551 per sq.ft.

Guideline values in Kadampur

Kadampur village has a total of 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value is Rs 551 per sq.ft, which is the same as the current value for Pillaiyar Koil Street (Ward -9).

• Perumal Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Peria Palayathamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)
• Palayathamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Padavattamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 551 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 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would amount to Rs 38,570, and the registration fee at 2% would be Rs 11,020, making the total charges together Rs 49,590. It is important to note that the 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 -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, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kadampur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for both parties involved in the transaction. It is essential for buyers and sellers to be aware of the current guideline values to facilitate a smooth registration process.

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 551 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 back to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Street (Ward -9)?

The land classification for Pillaiyar Koil Street (Ward -9) is Residential Class I Type - I.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Pillaiyar Koil Street (Ward -9)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 551 per sq.ft, the stamp duty would be Rs 38,570.