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 Panangottur village and falls under the Chengleput Joint II SRO, classified as 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. The 2012 revision set the value at Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a significant increase of 49%, rising to Rs 900 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 990 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, which is equal to the current value of Pilliyar Koil Street (Ward -3).

• 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 rate of Rs 990 per sq.ft, the 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, totaling Rs 89,100. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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 additional information.

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

The guideline value is a crucial factor when registering property transactions in Panangottur. It serves as a benchmark for determining the minimum value for property sales, ensuring that transactions are conducted at a fair value as per government regulations.

When buyers and sellers agree on a sale price, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that all parties are aware of the financial implications of the transaction before proceeding with the registration process.

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 of Pilliyar Koil Street (Ward -3)?

Pilliyar Koil Street (Ward -3) is classified as Residential Class I Type - II.

What is the stamp duty for a property on Pilliyar Koil Street (Ward -3)?

The stamp duty for a property on Pilliyar Koil Street (Ward -3) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Pilliyar Koil Street (Ward -3)?

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