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 Peramanoor village, under the Chengleput Joint II SRO, and is 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 (Ward -3) has undergone several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which remained unchanged until 2017, when it dropped to Rs 603 per sq.ft. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 saw the guideline value increase to Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

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 value for these streets is Rs 1,100 per sq.ft, placing the 2024 figure for Pilliyar Koil Street (Ward -3) below this median.

• Pilliyar Koil Street (Ward -2): Rs 550 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 550 per sq.ft (2024)
• Ponmudiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -17): Rs 661 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, charged at 7%, would be Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher value between the guideline and the sale price. This ensures transparency and compliance with local regulations during 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 are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor include Pilliyar Koil Street (Ward -2) at Rs 550 per sq.ft, Poigaialwar Street (Ward -5) at Rs 1,320 per sq.ft, and Ponmanachemmal Street (Ward -8) also at Rs 1,320 per sq.ft, among others.

What is the registration fee for properties in Pilliyar Koil Street (Ward -3)?

The registration fee is calculated based on the guideline value. For a plot of 1,000 sq.ft at the current value, the registration fee would be Rs 19,800.

Where can I find the Sub Registrar Office for Pilliyar Koil Street (Ward -3)?

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