Guideline Value for PILLAIYAR KOIL STREET

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which is an increase from Rs 1,500 per sq.ft in the 2023 revision, marking a 10% rise. In the 2017 revision, the value was Rs 1,005 per sq.ft, which shows a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,500 per sq.ft, indicating a decrease of 33% when compared to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Pillaiyar Koil Street in the guideline value register.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Pillaiyar Koil Street's 2024 guideline value of Rs 1,650 per sq.ft is below this median.

• Periyar Street (Periyar Chetty Street): Rs 3,850 per sq.ft (2024)
• Periya Rathinam Street: Rs 2,200 per sq.ft (2024)
• Periyanatham Police Line: Rs 2,200 per sq.ft (2024)
• Pramanar Street: Rs 5,500 per sq.ft (2024)
• Paziya Police Line: Rs 1,650 per sq.ft (2024)
• Pasith Street (A) Matha Kovil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 more detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Chengalpattu Natham, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

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 higher amount will be considered for the calculation of duties and fees.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Pillaiyar Koil Street?

Pillaiyar Koil Street falls under the Residential Class I Type - I land classification.

What are the stamp duty and registration fees for property in Pillaiyar Koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Chengleput Joint II Sub Registrar Office covers Pillaiyar Koil Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.