Guideline Value for PILLYARKOIL St.,

PILLYARKOIL St., guideline value

The current guideline value for PILLYARKOIL St., located in Kodivalasa village under the Pallipattu SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of PILLYARKOIL St., has changed

Over the years, the guideline value for PILLYARKOIL St. has seen several revisions. In 2007, the guideline value was Rs 60 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, this figure remained unchanged until the 2017 revision, where it rose to Rs 134 per sq.ft. The value then increased to Rs 200 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from 2017 to 2023. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, there was a notable increase of 233%, and the overall change from 2007 to 2024 is also +233%. The guideline value remained stable at Rs 200 per sq.ft from 2023 to 2024, indicating no change during that period.

Guideline values in Kodivalasa

Kodivalasa village has a total of 17 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 250 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which aligns with the current value for PILLYARKOIL St.

• Ottavadaistreet: Rs 200 per sq.ft (2024)
• Oddar Street: Rs 200 per sq.ft (2024)
• Ramannastreet: Rs 200 per sq.ft (2024)
• Santhusteeet: Rs 200 per sq.ft (2024)
• MUNIYAPPAMUDALI St.,: Rs 200 per sq.ft (2024)
• Senthilnagar: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in PILLYARKOIL St.,

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PILLYARKOIL St.,?

The PILLYARKOIL St. falls under the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodivalasa. It serves as the minimum value for which properties can be registered and is used to calculate the stamp duty and registration fees payable at the time of sale.

When buying or selling property, the guideline value ensures that the transaction is documented at a recognized value, which helps in maintaining transparency in real estate dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of PILLYARKOIL St.?

The current guideline value of PILLYARKOIL St. is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then to Rs 134 per sq.ft in 2017, and back to Rs 200 per sq.ft in both 2023 and 2024.

What is the land classification for PILLYARKOIL St.?

PILLYARKOIL St. is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property in PILLYARKOIL St.?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles the registration for PILLYARKOIL St.?

The registration for PILLYARKOIL St. is handled by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.