Guideline Value for PILLIYAR KOIL STREET (OMR TO RADIAL ROAD)

Pilliyar Koil Street (Omr To Radial Road) guideline value

The current guideline value of Pilliyar Koil Street (Omr To Radial Road) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, classified as Residential Class I Type - I.

How the guideline value of Pilliyar Koil Street (Omr To Radial Road) has changed

The guideline value for Pilliyar Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 4,400 per sq.ft, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

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%.

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, making Pilliyar Koil Street (Omr To Radial Road) above this median.

• Pillyar Koil Street (Near Sbi Colony): Rs 3,300 per sq.ft (2024)
• Pitchai Mani Garden: Rs 3,300 per sq.ft (2024)
• Pilliyar Koil 1st Lane (Mettukuppam): Rs 2,200 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 Street (Omr To Radial Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pilliyar Koil Street (Omr To Radial Road)?

The Pilliyar Koil Street (Omr To Radial Road) falls under 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 critical figure used during the registration of property transactions in Okkiyamthuraipakkam. It serves as a basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value that will be considered for taxation purposes. This ensures transparency and fairness in property transactions, as the fees are calculated based on the established guideline value.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street (Omr To Radial Road)?

The current guideline value of Pilliyar Koil Street (Omr To Radial Road) 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 from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Pilliyar Koil Street?

Pilliyar Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, with Pilliyar Koil Street (Omr To Radial Road) being above this median at 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.