Guideline Value for PILLAIYARKOIL STREET

Pillaiyarkoil Street guideline value

The current guideline value of Pillaiyarkoil Street is Rs 2,200 per sq.ft, as per the 2023 revision. This street is located in Kelambakkam village and falls under the Thiruporur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Pillaiyarkoil Street has changed

The guideline value for Pillaiyarkoil Street has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 250 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 2,200 per sq.ft, marking a remarkable increase of 780%. However, the 2017 revision saw a decrease in the guideline value to Rs 1,474 per sq.ft, representing a decline of 33%. The latest revision in 2023 brought the guideline value back up to Rs 2,200 per sq.ft, which is a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 780%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures provided for Kelambakkam. However, Pillaiyarkoil Street's guideline value stands at Rs 2,200 per sq.ft. Below are the other streets in Kelambakkam:

Stamp duty and registration fee for property in Pillaiyarkoil Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillaiyarkoil Street?

The Sub Registrar Office that covers Pillaiyarkoil Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kelambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Understanding the guideline value can help in budgeting for these additional costs when engaging in property dealings.

Frequently asked questions

What is the current guideline value of Pillaiyarkoil Street?

The current guideline value of Pillaiyarkoil Street is Rs 2,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2012, then decreased to Rs 1,474 per sq.ft in 2017, and increased again to Rs 2,200 per sq.ft in 2023.

What is the land classification for Pillaiyarkoil Street?

The land classification for Pillaiyarkoil Street is Residential Special Type - I, indicating its designated use for residential purposes.

How is stamp duty calculated for properties in Pillaiyarkoil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, and it covers Pillaiyarkoil Street.