Guideline Value for PILLAIYAR KOIL STREET

Pillaiyar Koil Street guideline value

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

How the guideline value of Pillaiyar Koil Street has changed

The guideline value of Pillaiyar Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 884 per sq.ft, which increased significantly by 183% to Rs 2,500 per sq.ft in 2012. However, this value saw a decrease of 33% to Rs 1,675 per sq.ft in 2017. The value then rose sharply by 49% to Rs 2,500 per sq.ft in 2023, and most recently, it increased by 10% to Rs 2,750 per sq.ft in 2024. The register has no figure for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 211%. This reflects the fluctuations in the property market and the adjustments made by the authorities to the guideline values over the years.

Guideline values in Iyyappanthangal

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

• Pillaiyar Koil Street Joint Road: Rs 2,750 per sq.ft (2024)
• Perumal Koil Street: Rs 1,980 per sq.ft (2024)
• Ponniamman Koil Street: Rs 1,650 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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, bringing the total charges to 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Iyyappanthangal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in assessing the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street 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 884 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting a significant increase of 211% over the years.

What is the land classification of Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the other streets in Iyyappanthangal with their guideline values?

Other streets in Iyyappanthangal include Pillaiyar Koil Street Joint Road at Rs 2,750 per sq.ft, Perumal Koil Street at Rs 1,980 per sq.ft, and Ponniamman Koil Street at Rs 1,650 per sq.ft, among others.

Where is the Sub Registrar Office for Pillaiyar Koil Street located?

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