Guideline Value for PILLIAR KOIL STREET

Pilliar Koil Street guideline value

The current guideline value of Pilliar Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, classified as Residential Class III Type - III.

How the guideline value of Pilliar Koil Street has changed

The guideline value for Pilliar Koil Street has undergone several revisions over the years. In the 2002 revision, the value was Rs 858 per sq.ft, which increased to Rs 953 per sq.ft in 2003, marking an increase of 11%. The value then saw a significant rise to Rs 2,000 per sq.ft in 2007, a change of 110%. In the 2012 revision, the value was recorded at Rs 4,000 per sq.ft, reflecting a 100% increase from the previous figure. The 2017 revision saw a decrease to Rs 2,680 per sq.ft, a change of -33%. The value then rose to Rs 4,000 per sq.ft in the 2023 revision, followed by the current value of Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 413%. The register has no figures for the years not listed in the revisions.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value in this area is Rs 11,000 per sq.ft, placing Pilliar Koil Street's 2024 figure below that median.

• Pinjala Subramanian Street: Rs 17,600 per sq.ft (2024)
• Police Quarters Road: Rs 5,500 per sq.ft (2024)
• Porur Somasundaram Street: Rs 8,300 per sq.ft (2024)
• Periyar Road: Rs 13,200 per sq.ft (2024)
• Prakasam Ist Lane: Rs 6,600 per sq.ft (2024)
• Prakasam Ist Street: Rs 8,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% is Rs 3,08,000, while the registration fee at 2% is Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pilliar Koil Street?

The Sub Registrar Office that covers Pilliar Koil Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Tnagar. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated fairly based on the established guideline value for the specific area.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Pilliar Koil Street?

The current guideline value of Pilliar Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 858 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 413% over the years.

What is the median guideline value in Tnagar?

The median guideline value for streets in Tnagar is Rs 11,000 per sq.ft, with Pilliar Koil Street's 2024 value being below this median.

What are the stamp duty and registration fees for properties in Pilliar Koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, with stamp duty at Rs 3,08,000 and registration fees at Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Pilliar Koil Street located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35, covering Pilliar Koil Street.