Guideline Value for PILLIYAR KOIL STREET

Pilliyar Koil Street guideline value

The current guideline value of Pilliyar Koil Street is Rs 1,940 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pilliyar Koil Street has changed

The guideline value of Pilliyar Koil Street has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, marking an increase of 800%. However, this value dropped to Rs 1,206 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 1,800 per sq.ft in 2023, followed by a further increase to Rs 1,940 per sq.ft in 2024, representing an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 870%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value is Rs 1,940 per sq.ft, which matches the 2024 guideline value of Pilliyar Koil Street.

• Periyar Nagar 1 To 4 Streets: Rs 1,100 per sq.ft (2024)
• Periyar Nagar: Rs 1,100 per sq.ft (2024)
• Pachiamman Koil Street 1 To 8 Streets: Rs 1,320 per sq.ft (2024)
• Pachiamman Koil Street: Rs 1,320 per sq.ft (2024)
• Rani Anna Nagar: Rs 1,320 per sq.ft (2024)
• Rani Anna Nagar 1 To 4 Cross Streets: Rs 1,320 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 rate of Rs 1,940 per sq.ft, the guideline value would be Rs 19,40,000. The stamp duty at 7% would amount to Rs 1,35,800, and the registration fee at 2% would be Rs 38,800, totaling Rs 1,74,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our 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 more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thirusulam. 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 is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street?

The current guideline value of Pilliyar Koil Street is Rs 1,940 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,940 per sq.ft in 2024, reflecting an overall increase of 870% over the years.

What are the other streets in Thirusulam with guideline values?

Other streets in Thirusulam have varying guideline values, with rates ranging from Rs 1,080 to Rs 2,750 per sq.ft. Pilliyar Koil Street's value matches the median of Rs 1,940 per sq.ft.

What fees are associated with buying property on Pilliyar Koil Street?

When buying property on Pilliyar Koil Street, you will incur stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pilliyar Koil Street located?

The Sub Registrar Office for Pilliyar Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.