Guideline Value for PILLAIYAR KOIL STREET THAILAVARAM (WARD-21)

Pillaiyar Koil Street Thailavaram (Ward-21) guideline value

The current guideline value of Pillaiyar Koil Street Thailavaram (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street Thailavaram (Ward-21) has changed

Over the years, the guideline value for Pillaiyar Koil Street Thailavaram has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it was adjusted to Rs 402 per sq.ft, marking a decrease of 33%. However, this figure rose significantly to Rs 600 per sq.ft in the 2023 revision, and then further increased to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, placing Pillaiyar Koil Street Thailavaram (Ward-21) below this median.

• Pillaiyar Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Pilliyar Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Perumal Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Periyar Street (Ward-20): Rs 770 per sq.ft (2024)
• Psa Nagar (Ward -1): Rs 880 per sq.ft (2024)
• P.V.N. Avenue Thailavaram (Ward-21): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street Thailavaram (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total amount for these fees to Rs 59,400. 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 Thailavaram (Ward-21)?

The Sub Registrar Office that covers Pillaiyar Koil Street Thailavaram (Ward-21) 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 Konathi

The guideline value plays a crucial role during the registration process when buying or selling property in Konathi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official rates established by the government.

When a property is sold, the seller and buyer must refer to the guideline value to ensure compliance with legal requirements. This value is essential for the registration of the property, as it helps in assessing the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street Thailavaram (Ward-21)?

The current guideline value of Pillaiyar Koil Street Thailavaram (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Street Thailavaram?

The land classification for Pillaiyar Koil Street Thailavaram is Residential Class II Type - I.

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 Pillaiyar Koil Street Thailavaram?

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 Rs 660 per sq.ft, the stamp duty would be Rs 46,200.