Guideline Value for PILLIYAR KOIL STREET (WARD -2)

Pilliyar Koil Street (Ward -2) guideline value

The current guideline value of Pilliyar Koil Street (Ward -2) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Pilliyar Koil Street (Ward -2) has changed

The guideline value for Pilliyar Koil Street (Ward -2) has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 400 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, marking a 10% rise from the previous year.

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

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Pilliyar Koil Street (Ward -2) below this median.

• Pilliyar Koil Street (Ward -3): Rs 990 per sq.ft (2024)
• Poigaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -19): Rs 440 per sq.ft (2024)
• Ponmanachemmal Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Ponmudiar Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil Street (Ward -2)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. Please note that duty is charged on the higher of the guideline value and 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 -2)?

The Chengleput Joint II Sub Registrar Office covers Pilliyar Koil Street (Ward -2). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is essential for property transactions in Kattankollatur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This value serves as a reference point for both parties in the sale process.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street (Ward -2)?

The current guideline value of Pilliyar Koil Street (Ward -2) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Pilliyar Koil Street (Ward -2)?

Pilliyar Koil Street (Ward -2) is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for this street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.