Guideline Value for PILLAIYAR KOIL STREET 1ST LEFT CROSS

Pillaiyar Koil Street 1st Left Cross guideline value

The current guideline value of Pillaiyar Koil Street 1st Left Cross is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village under the Chennai South Joint I SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Pillaiyar Koil Street 1st Left Cross has changed

The guideline value for Pillaiyar Koil Street 1st Left Cross has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with a 2024 guideline value range from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, indicating that the guideline value of Pillaiyar Koil Street 1st Left Cross is below this median.

• Pillaiyar Koil Street 1st Lane: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street 2nd Lane: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street 2nd Left Cross: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street 3rd Cross: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street 4th Cross: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street 5th Cross: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street 1st Left Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Pillaiyar Koil Street 1st Left Cross?

The Sub Registrar Office that covers Pillaiyar Koil Street 1st Left Cross is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value.

When a property is sold, the sale price must be equal to or higher than the guideline value. If the sale price is lower than the guideline value, the registration will be based on the guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street 1st Left Cross?

The current guideline value of Pillaiyar Koil Street 1st Left Cross is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Street 1st Left Cross?

Pillaiyar Koil Street 1st Left Cross is classified under Residential Class IV Type - I.

Which office handles registrations for this area?

The Chennai South Joint I Sub Registrar Office handles registrations for Pillaiyar Koil Street 1st Left Cross, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator available on our website.