Guideline Value for PILLIYAR KOIL STREET (WARD -1)

Pilliyar Koil Street (Ward -1) guideline value

The current guideline value for Pilliyar Koil Street (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri 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 (Ward -1) has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 700 per sq.ft. In 2017, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The value then increased to Rs 700 per sq.ft in the 2023 revision, followed by a rise to Rs 770 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 to 2024 revisions, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft as of 2024. The median guideline value for the village is Rs 825 per sq.ft, placing Pilliyar Koil Street (Ward -1) below this median.

• 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 880 per sq.ft (2024)
• P.V.N. Avenue Thailavaram (Ward-21): Rs 770 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 would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. Please note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pilliyar Koil Street (Ward -1)?

Pilliyar Koil Street (Ward -1) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor during the registration of property transactions in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from 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)?

Pilliyar Koil Street (Ward -1) is classified as Residential Class I Type - III. This classification indicates the type of residential development permitted in the area.

Where can I find the Sub Registrar Office for Pilliyar Koil Street (Ward -1)?

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

How is the stamp duty calculated for property transactions in Vallancheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 7,70,000, the stamp duty would be calculated at 7% of that amount.