Guideline Value for PILLAIYAR KOIL STREET

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street in Ernavur village is Rs 1,400 per sq.ft, effective from 1 July 2024. This street falls under the Thiruvottiyur SRO and is classified as Residential Class I Type - III.

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 2007 revision set the value at Rs 350 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, it then decreased to Rs 871 per sq.ft in 2017. The value rose again to Rs 1,300 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,400 per sq.ft. The register has no figures for the years 2002 and 2003.

Between the revisions, the changes are notable. From 2007 to 2012, there was an increase of 271%. However, from 2012 to 2017, the value decreased by 33%. The value then saw a significant increase of 49% from 2017 to 2023, followed by an increase of 8% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median for these streets is Rs 1,600 per sq.ft, placing Pillaiyar Koil Street's 2024 figure below that median.

• Pidariamman Koil street: Rs 1,400 per sq.ft (2024)
• Poompukar Nagar: Rs 2,400 per sq.ft (2024)
• Puratchi Thalaivar Nagar: Rs 1,400 per sq.ft (2024)
• Palagai Thottikuppam: Rs 1,400 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 3,300 per sq.ft (2024)
• Rajiv Gandhi Nagar (Corner Plots): Rs 3,300 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 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost for these fees Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your property.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Ernavur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value to understand the financial implications of the transaction. This value serves as a benchmark for property transactions and is essential for legal compliance during registration.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 300% over this period.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000, and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles property registrations in Ernavur?

The Thiruvottiyur Sub Registrar Office handles property registrations for Ernavur, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value for streets in Ernavur?

The median guideline value for streets in Ernavur is Rs 1,600 per sq.ft, with Pillaiyar Koil Street's 2024 value being below this median at Rs 1,400 per sq.ft.