Guideline Value for PILLAIYAR KOIL STREET

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street in Thiruvanmiyur village is Rs 7,150 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 6,500 per sq.ft. This was followed by a decrease to Rs 4,355 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased significantly to Rs 6,500 per sq.ft, and in the latest revision for 2024, it rose to Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Pillaiyar Koil Street's 2024 figure below this median.

• Pillaiar Koil Street (Rajaji Nagr): Rs 9,900 per sq.ft (2024)
• Pilori Street: Rs 3,520 per sq.ft (2024)
• Police Line Qut: Rs 7,150 per sq.ft (2024)
• Periyar Nagar / Street: Rs 7,150 per sq.ft (2024)
• Periyar E.V.R Salai (Lakshmipuram): Rs 7,150 per sq.ft (2024)
• P.T.C. Colony: Rs 7,150 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 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, leading to a total of Rs 6,43,500. Duty is charged on the higher of the guideline value or 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?

Pillaiyar Koil Street is covered by 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 further assistance.

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

The guideline value is an essential factor in the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 in 2012 to Rs 4,355 in 2017, then back to Rs 6,500 in 2023, and finally to Rs 7,150 in 2024. This reflects various increases and decreases in value over the years.

What is the registration office for Pillaiyar Koil Street?

The registration office for 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.

What is the stamp duty rate for properties in Chennai?

The stamp duty rate for properties in Chennai is 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

How do I calculate the registration fee for a property?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 71,50,000, the registration fee would be Rs 1,43,000.