Guideline Value for PILLIYAR KOIL 1ST LANE (METTUKUPPAM)

Pilliyar Koil 1st Lane (Mettukuppam) guideline value

The current guideline value of Pilliyar Koil 1st Lane (Mettukuppam) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village and is classified under Residential Class II Type - III by the Neelankarai SRO.

How the guideline value of Pilliyar Koil 1st Lane (Mettukuppam) has changed

The guideline value for Pilliyar Koil 1st Lane (Mettukuppam) has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision raised it to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Pilliyar Koil 1st Lane (Mettukuppam) below this median.

• Pilliyar Koil Street (Omr To Radial Road): Rs 4,400 per sq.ft (2024)
• Pillyar Koil Street (Near Sbi Colony): Rs 3,300 per sq.ft (2024)
• Pitchai Mani Garden: Rs 3,300 per sq.ft (2024)
• Pillaiyar Koil Street & Road (Mettukuppam): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Radial Road To Seevaram): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Selvakumar Avenue): Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil 1st Lane (Mettukuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. The duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pilliyar Koil 1st Lane (Mettukuppam)?

The Sub Registrar Office that covers Pilliyar Koil 1st Lane (Mettukuppam) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Okkiyamthuraipakkam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these charges are aligned with the current market conditions as assessed by the Registration Department.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and uniformity in property transactions across the region.

Frequently asked questions

What is the current guideline value of Pilliyar Koil 1st Lane (Mettukuppam)?

The current guideline value of Pilliyar Koil 1st Lane (Mettukuppam) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Pilliyar Koil 1st Lane (Mettukuppam)?

Pilliyar Koil 1st Lane (Mettukuppam) is classified as Residential Class II Type - III by the Neelankarai SRO.

What are the other streets in Okkiyamthuraipakkam?

Other streets in Okkiyamthuraipakkam include Pilliyar Koil Street (Omr To Radial Road), Pillyar Koil Street (Near Sbi Colony), Pitchai Mani Garden, and others, with guideline values ranging from Rs 2,800 to Rs 4,400 per sq.ft.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.