Guideline Value for PILLIYAR KOIL STREET

Pilliyar Koil Street guideline value

The current guideline value of Pilliyar Koil Street is Rs 626 per sq.ft, effective from 1 July 2024. This street is located in Kakkalur village, which falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Pilliyar Koil Street has changed

Over the years, the guideline value of Pilliyar Koil Street has seen various revisions. The earliest available figure is from the 2012 revision, which was Rs 625 per sq.ft. This figure then changed to Rs 419 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase of 49% in the 2023 revision, bringing it back to Rs 626 per sq.ft, which remained unchanged in the 2024 revision.

It is worth noting that the register has no figures for the years 2002, 2003, and 2007 regarding this street. Thus, the guideline value has remained stable at Rs 626 per sq.ft from 2023 to 2024, indicating no change during this period. Overall, from 2012 to 2024, the guideline value has increased by 0%.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, which is the same as the current guideline value for Pilliyar Koil Street.

• Pichai Mani Mohan Nagar: Rs 626 per sq.ft (2024)
• Poonga Nagar & Extn: Rs 626 per sq.ft (2024)
• Poongavanam Lay Out: Rs 626 per sq.ft (2024)
• Poonjolai Street: Rs 626 per sq.ft (2024)
• Poonsolai Street: Rs 626 per sq.ft (2024)
• Poonthottam Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty, charged at 7%, would amount to Rs 43,820, while the registration fee at 2% would be Rs 12,520. Together, the total fees would be Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pilliyar Koil Street?

The Sub Registrar Office that covers Pilliyar Koil Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements.

When a property is sold, the buyer is required to pay stamp duty based on the higher of the guideline value or the agreed sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street?

The current guideline value of Pilliyar Koil Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increasing to Rs 626 per sq.ft in 2023 and remaining the same in 2024.

What is the median guideline value for streets in Kakkalur?

The median guideline value for the 133 streets in Kakkalur is Rs 626 per sq.ft, which is also the current value for Pilliyar Koil Street.

What are the stamp duty and registration fees for property in Pilliyar Koil Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,26,000, with stamp duty at Rs 43,820 and registration fee at Rs 12,520, totaling Rs 56,340.

Which Sub Registrar Office is responsible for Pilliyar Koil Street?

The Tiruvallur Joint 1 Sub Registrar Office is responsible for Pilliyar Koil Street, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.