Guideline Value for PILLAIYAR KOIL STREET JOINT ROAD

Pillaiyar Koil Street Joint Road guideline value

The current guideline value of Pillaiyar Koil Street Joint Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pillaiyar Koil Street Joint Road has changed

The guideline value for Pillaiyar Koil Street Joint Road has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 300 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 733%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the most recent 2024 revision set it at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 817%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are a total of 134 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, which means that Pillaiyar Koil Street's 2024 figure is above this median.

• Pillaiyar Koil Street: Rs 2,750 per sq.ft (2024)
• Ponniamman Koil Street: Rs 1,650 per sq.ft (2024)
• Perumal Koil Street: Rs 1,980 per sq.ft (2024)
• Perumal Koil 5th Street: Rs 1,980 per sq.ft (2024)
• Perumal Koil 4th Street: Rs 1,980 per sq.ft (2024)
• Perumal Koil 3rd Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street Joint Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Pillaiyar Koil Street Joint Road?

The Sub Registrar Office that covers Pillaiyar Koil Street Joint Road 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, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Iyyappanthangal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value will be referenced to determine the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street Joint Road?

The current guideline value of Pillaiyar Koil Street Joint Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 817% over this period.

What is the land classification for Pillaiyar Koil Street Joint Road?

The land classification for Pillaiyar Koil Street Joint Road is Residential Class I Type - I.

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

The Sub Registrar Office covering Pillaiyar Koil Street Joint Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Iyyappanthangal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.