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 Thailavaram 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

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, marking a -33% change. In 2023, the value increased to Rs 600 per sq.ft, and in the most recent 2024 revision, it rose to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Between 2017 and 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram village, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, positioning Pillaiyar Koil Street's current value below that median.

• Pillaiyar Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Pilliyar Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• P.N.N Avenue: Rs 2,200 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 881 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 rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

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, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thailavaram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

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, followed by an increase 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?

Pillaiyar Koil Street Thailavaram is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Pillaiyar Koil Street Thailavaram 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 Thailavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.