Guideline Value for PILLIYAR KOIL 1ST STREET

Pilliyar Koil 1st Street guideline value

The current guideline value of Pilliyar Koil 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Sivabootham village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pilliyar Koil 1st Street has changed

The guideline value for Pilliyar Koil 1st Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft. This figure dropped to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 set the value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sivabootham

Sivabootham has a total of 39 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,120 to Rs 3,300 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Pilliyar Koil 1st Street.

• Pilliyar Koil Street: Rs 1,650 per sq.ft (2024)
• Perumal Koil Stree: Rs 1,650 per sq.ft (2024)
• Poonamalle High Way: Rs 3,300 per sq.ft (2024)
• Perumal Koil 3rd Stree: Rs 1,650 per sq.ft (2024)
• Perumal Koil 2nd Stree: Rs 1,650 per sq.ft (2024)
• Perumal Koil 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total charges Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pilliyar Koil 1st Street?

The Sub Registrar Office that covers Pilliyar Koil 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Sivabootham. It is used to determine the stamp duty and registration fees that need to be paid to the government. Buyers should be aware that the guideline value is set by the government and can vary across different areas.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pilliyar Koil 1st Street?

The current guideline value of Pilliyar Koil 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Pilliyar Koil 1st Street?

The land classification for Pilliyar Koil 1st Street is Residential Class I Type - I.

What are the stamp duty and registration fees for a property in Pilliyar Koil 1st Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 1,48,500.

Which office handles registrations for Pilliyar Koil 1st Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Pilliyar Koil 1st Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.