Guideline Value for PILLIYAR KOIL STREET (WARD -3)

Pilliyar Koil Street (Ward -3) guideline value

The current guideline value for Pilliyar Koil Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai 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 seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and then to Rs 990 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The most notable change occurred between 2017 and 2023, where the value increased by 49%. The fluctuations in these revisions highlight the varying guideline values over the years.

Guideline values in Ninna Karai

Ninna Karai village has 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Pilliyar Koil Street (Ward -3) below this median.

• Pilliyar Koil Street (Ward -2): Rs 660 per sq.ft (2024)
• Poigaialwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Ponmanachemmal Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -19): Rs 660 per sq.ft (2024)
• Ponmudiar Street (Ward -6): Rs 1,321 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 would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800. Together, these fees would total Rs 89,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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 Ninna Karai

The guideline value is a crucial factor in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a value that is consistent with the prevailing rates in the area. This ensures transparency and helps in maintaining a standard for property transactions.

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.

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

For a plot of 1,000 sq.ft at the guideline value of Rs 990 per sq.ft, the total guideline value is Rs 9,90,000. The stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles the registration for Pilliyar Koil Street (Ward -3)?

The registration for Pilliyar Koil Street (Ward -3) is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.