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 Sattamangalam 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 of Pilliyar Koil Street (Ward -3) has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision, and finally, it rose to Rs 990 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 to 2017 revision, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Pilliyar Koil Street (Ward -3) is below this median value.

• 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 would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering 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 Sattamangalam

The guideline value is a crucial reference point when buying or selling property in Sattamangalam. It is used to determine the stamp duty and registration fees applicable during the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is registered, the guideline value helps establish a baseline for the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, but the duty is charged on whichever is higher.

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)?

Pilliyar Koil Street (Ward -3) is classified as Residential Class I Type - II, indicating its suitability for residential development.

What is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, with Pilliyar Koil Street (Ward -3) being below this median at Rs 990 per sq.ft.

Where can I find 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.