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 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is 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 seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which remained unchanged until 2017 when it dropped to Rs 335 per sq.ft, reflecting a decrease of 33%. The following revision in 2023 increased the value to Rs 500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. Additionally, the value rose significantly from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, which is a substantial 49% increase. There are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Pilliyar Koil Street (Ward -2) below the median value.

• 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 550 per sq.ft (2024)
• Ponmanachemmal Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -17): Rs 661 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, calculated at 7%, would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the 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 Sub Registrar Office that covers Pilliyar Koil Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, 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 Peramanoor

The guideline value plays a crucial role during the registration of property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at an appropriate value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and compliance with local regulations, helping both buyers and sellers understand their financial obligations during the transaction 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions here?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office serves Pilliyar Koil Street (Ward -2)?

The Chengleput Joint II Sub Registrar Office serves Pilliyar Koil Street (Ward -2), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

The land classification for Pilliyar Koil Street (Ward -2) is Residential Class II Type - II.