Guideline Value for PILLIYAR KOIL STREET (WARD -1)

Pilliyar Koil Street (Ward -1) guideline value

The current guideline value of Pilliyar Koil Street (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pilliyar Koil Street (Ward -1) has changed

The guideline value for Pilliyar Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 700 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 469 per sq.ft. Following this, the value increased to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value rose by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017. 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 Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 770 per sq.ft, which is equal to the current value of Pilliyar Koil Street (Ward -1).

• P.N.N Avenue: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Pillaiyar Koil Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Perumal Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Periyar Street (Ward-20): Rs 770 per sq.ft (2024)
• Psa Nagar (Ward -1): Rs 881 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil Street (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. 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 Pilliyar Koil Street (Ward -1)?

The Sub Registrar Office that covers Pilliyar Koil Street (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions as it serves as a benchmark for determining the stamp duty and registration fees during the registration process. When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official registers.

Additionally, the guideline value helps maintain transparency in property transactions, as it reflects the government’s assessment of property values in the area. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street (Ward -1)?

The current guideline value of Pilliyar Koil Street (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Pilliyar Koil Street (Ward -1)?

The land classification for Pilliyar Koil Street (Ward -1) is Residential Class I Type - III.

Where can I find the registration office for this area?

The registration office for Pilliyar Koil Street (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Thailavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000, leading to a stamp duty of Rs 53,900 at 7%.