Guideline Value for PILLIYAR KOVIL STREET

Pilliyar Kovil Street guideline value

The current guideline value of Pilliyar Kovil Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pilliyar Kovil Street has changed

The guideline value for Pilliyar Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, making Pilliyar Kovil Street's 2024 figure equal to this median.

• Periyar Nagar 3st Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 3rd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 2st Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 2nd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 1st Cross Street: Rs 660 per sq.ft (2024)
• Pallar Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total cost of Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pilliyar Kovil Street?

The Sub Registrar Office that covers Pilliyar Kovil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO online for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukkachur - 1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is transparent and fair.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the stamp duty and registration fees. This ensures that all parties involved are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Pilliyar Kovil Street?

The current guideline value of Pilliyar Kovil Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Pilliyar Kovil Street?

The land classification for Pilliyar Kovil Street is Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees based on the guideline value?

Stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 59,400.

Where can I find the Sub Registrar Office for Pilliyar Kovil Street?

The Chengleput Joint II Sub Registrar Office covers Pilliyar Kovil Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.