Guideline Value for PILLIYAR KOIL STREET (WARD -3)

Pilliyar Koil Street (Ward -3) guideline value

The current guideline value of Pilliyar Koil Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Pilliyar Koil Street (Ward -3) has changed

The guideline value for Pilliyar Koil Street has undergone several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 603 per sq.ft, marking a decline of 33%. The value then saw a significant increase to Rs 900 per sq.ft in 2023, followed by another rise to Rs 990 per sq.ft in 2024, which is a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are 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 for these streets is Rs 1,100 per sq.ft, placing Pilliyar Koil Street's 2024 figure below that median.

• Pilliyar Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Poigaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Ponmanachemmal Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -19): Rs 440 per sq.ft (2024)
• Ponmudiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -17): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil Street (Ward -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these fees Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pilliyar Koil Street (Ward -3)?

The Sub Registrar Office that covers Pilliyar Koil Street (Ward -3) 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 Kattankollatur

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

During registration, the guideline value is used to assess the fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in accordance with the established property values in the area.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street (Ward -3)?

The current guideline value of Pilliyar Koil Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Pilliyar Koil Street (Ward -3)?

The land classification for Pilliyar Koil Street (Ward -3) is Residential Class I Type - II.

Which Sub Registrar Office covers this street?

The Chengleput Joint II Sub Registrar Office covers Pilliyar Koil Street (Ward -3), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 9,90,000 would incur a stamp duty of Rs 69,300 and a registration fee of Rs 19,800.