Guideline Value for PILLAYAR KOIL STREET LANE

Pillayar Koil Street Lane guideline value

The current guideline value for Pillayar Koil Street Lane is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pillayar Koil Street Lane has changed

Over the years, the guideline value for Pillayar Koil Street Lane has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,740 per sq.ft in the 2024 revision.

In terms of percentage changes, there was a decrease of 33% from 2012 to 2017, followed by a substantial increase of 49% from 2017 to 2023. The guideline value increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Pillayar Koil Street Lane's 2024 figure above this median.

• Police station road: Rs 2,200 per sq.ft (2024)
• Pillaiyar koil street: Rs 2,740 per sq.ft (2024)
• Pillaiyar koil st: Rs 2,740 per sq.ft (2024)
• P.G.P Nagar Extension: Rs 2,210 per sq.ft (2024)
• P.G.P Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil Street Lane

For a 1,000 sq.ft plot at the current rate of Rs 2,740 per sq.ft, the guideline value amounts to Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, totaling Rs 2,46,600. Please note that the 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Pillayar Koil Street Lane?

The Sub Registrar Office that covers Pillayar Koil Street Lane is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, which aids in the transparency of property dealings. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Pillayar Koil Street Lane?

The current guideline value for Pillayar Koil Street Lane is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,740 per sq.ft in 2024.

What is the median guideline value for streets in Poonthamallee?

The median guideline value for streets in Poonthamallee is Rs 2,200 per sq.ft, with Pillayar Koil Street Lane's 2024 figure of Rs 2,740 per sq.ft being above this median.

What are the stamp duty and registration fees for a property in Pillayar Koil Street Lane?

For a 1,000 sq.ft plot at the current guideline value of Rs 27,40,000, the stamp duty would be Rs 1,91,800 and the registration fee would be Rs 54,800, totaling Rs 2,46,600.

Which office handles property registrations for Pillayar Koil Street Lane?

The Poonamallee Sub Registrar Office handles property registrations for Pillayar Koil Street Lane, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.