Guideline Value for PILLIYAR KOIL STREET

Pilliyar Koil Street guideline value

The current guideline value of Pilliyar Koil Street in Nanmangalam village is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Pilliyar Koil Street has changed

The guideline value of Pilliyar Koil Street has seen significant changes over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 1,800 per sq.ft in both the 2012 and 2023 revisions. The latest 2024 revision has raised the value to Rs 2,750 per sq.ft, marking a 53% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 817%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Nanmangalam

Nanmangalam has a total of 139 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which is the same as the guideline value for Pilliyar Koil Street.

• Pillaiyar Koil Street (Part): Rs 2,750 per sq.ft (2024)
• Ponniamman Koil 1 To 3 Streets: Rs 2,750 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 2,750 per sq.ft (2024)
• Perumal Salai: Rs 2,750 per sq.ft (2024)
• Perumal Nagar: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that 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 details.

Which Sub Registrar Office covers Pilliyar Koil Street?

The Sub Registrar Office that covers Pilliyar Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Nanmangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as assessed by the state authorities. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street?

The current guideline value of Pilliyar Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 300 per sq.ft to Rs 2,750 per sq.ft in 2024, representing an overall increase of 817%.

What are the stamp duty and registration fees for properties on this street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total cost amounts to Rs 2,47,500.

Which office handles registrations for Pilliyar Koil Street?

The Pallavaram Sub Registrar Office handles registrations for Pilliyar Koil Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Pilliyar Koil Street?

Pilliyar Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.