Guideline Value for PILLAIYAR PALAYAM NADU STREET

Pillaiyar Palayam Nadu Street guideline value

The current guideline value of Pillaiyar Palayam Nadu Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Pillaiyar Palayam Nadu Street has changed

The guideline value for Pillaiyar Palayam Nadu Street has seen several revisions over the years. In 2003, the value was Rs 230 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a significant rise of 52%. The value then surged to Rs 1,200 per sq.ft in 2012, reflecting an increase of 243%. However, it dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,320 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 474%. The register has no figure for this street for the year 2002.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, which is equal to the current value of Pillaiyar Palayam Nadu Street.

• Pudupalaya Street: Rs 1,320 per sq.ft (2024)
• Putheri Street (Or) Sangeetha Vithvan Neinapillai Street: Rs 2,750 per sq.ft (2024)
• Pallavar Medu: Rs 1,320 per sq.ft (2024)
• Rajagopal Boopathi Street Narasaingarayan Street: Rs 2,200 per sq.ft (2024)
• Okkapiranthan Kulam Street: Rs 1,320 per sq.ft (2024)
• Okkapiranthan Kulam Pudhu Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Palayam Nadu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar Palayam Nadu Street?

The Sub Registrar Office that covers Pillaiyar Palayam Nadu Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a critical factor during the registration of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for the transaction, as it reflects the government’s assessment of property values in the area. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Pillaiyar Palayam Nadu Street?

The current guideline value of Pillaiyar Palayam Nadu Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 474% over the years.

What is the median guideline value in KANCHIPURAM TOWN 3rd DIVISION?

The median guideline value in KANCHIPURAM TOWN 3rd DIVISION is Rs 1,320 per sq.ft, which is the same as the current value for Pillaiyar Palayam Nadu Street.

What are the registration fees for property in Pillaiyar Palayam Nadu Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers this area?

The Kanchipuram Joint II Sub Registrar Office covers Pillaiyar Palayam Nadu Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.