Guideline Value for PILLAIYAR KOIL STREET

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village under the Selaiyur SRO, classified as Residential Class III Type - I.

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 earliest available figure is from 2012, which was Rs 1,200 per sq.ft. In 2017, the value decreased to Rs 804 per sq.ft, marking a decline of 33%. However, by 2023, the value increased to Rs 1,200 per sq.ft, and in the 2024 revision, it rose further to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median guideline value in this area is Rs 2,100 per sq.ft, placing Pillaiyar Koil Street's 2024 figure below that median.

• Perumbakkam Salai Street: Rs 2,100 per sq.ft (2024)
• Perumbakkam Koil Street: Rs 2,100 per sq.ft (2024)
• Perumal Nagar Road: Rs 1,650 per sq.ft (2024)
• Perumal Koil Street: Rs 1,300 per sq.ft (2024)
• Pazhandiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Palvadi Palli Road: Rs 1,300 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 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office covering Pillaiyar Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

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

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

The guideline value serves as a benchmark for property transactions in Arasankalani. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the stamp duty for properties in Pillaiyar Koil Street?

The stamp duty for properties in Pillaiyar Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the median guideline value in Arasankalani?

The median guideline value in Arasankalani is Rs 2,100 per sq.ft, with Pillaiyar Koil Street's 2024 figure being below this median.