Guideline Value for Peeliyamman Koil Street (Yerri Karai Street)

Peeliyamman Koil Street (Yerri Karai Street) guideline value

The current guideline value of Peeliyamman Koil Street (Yerri Karai Street) is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Peeliyamman Koil Street (Yerri Karai Street) has changed

Since the register has no figure for the year 2002, we begin with the 2003 revision, where the guideline value was Rs 512 per sq.ft. This figure saw a significant increase in the 2007 revision, rising to Rs 2,200 per sq.ft, marking a change of +330%. The 2012 revision saw a drop to Rs 5,500 per sq.ft, a decrease of -33%. However, the following revision in 2017 brought the value back up to Rs 3,685 per sq.ft, an increase of +49% from 2012.

In 2023, the guideline value was revised to Rs 5,500 per sq.ft, and then it increased to Rs 6,100 per sq.ft in 2024, reflecting an increase of +11%. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by +1091%.

Guideline values in Kottur

In Kottur village, there are 114 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value is Rs 6,100 per sq.ft, which is the same as the current value for Peeliyamman Koil Street (Yerri Karai Street).

• Perumal Koil 1st Street: Rs 5,000 per sq.ft (2024)
• Perumal Koil Lane: Rs 5,000 per sq.ft (2024)
• Perumal Koil Street: Rs 6,100 per sq.ft (2024)
• Pondicherry Road: Rs 6,600 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 6,600 per sq.ft (2024)
• New Street: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Peeliyamman Koil Street (Yerri Karai Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, together totaling Rs 5,49,000. It is important to note that the 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 Peeliyamman Koil Street (Yerri Karai Street)?

The Peeliyamman Koil Street (Yerri Karai Street) falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property in Kottur. It determines the minimum value at which the property can be registered, ensuring that the transaction is transparent and reflects the current market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Peeliyamman Koil Street?

The current guideline value of Peeliyamman Koil Street (Yerri Karai Street) is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, with an overall increase of +1091% from Rs 512 per sq.ft in 2003 to Rs 6,100 per sq.ft in 2024. Various revisions have shown fluctuations, including a decrease from 2012 to 2017.

What is the registration office for Peeliyamman Koil Street?

The registration office for Peeliyamman Koil Street (Yerri Karai Street) is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Peeliyamman Koil Street is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator, which provides detailed calculations based on your property value.