Guideline Value for Pillai Koil Street

Pillai Koil Street guideline value

The current guideline value of Pillai Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Pillai Koil Street has changed

The guideline value for Pillai Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 600 per sq.ft. In 2023, the value increased to Rs 800 per sq.ft, and the most recent revision in 2024 has set the value at Rs 880 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2017.

From 2012 to 2023, the guideline value increased by 33%, and overall, from 2012 to 2024, it has risen by 47%. This consistent increase reflects the changes in the valuation of properties in the area over time.

Guideline values in Pulikoradu

Pulikoradu village has a total of 62 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is equal to the guideline value of Pillai Koil Street.

• Periyar Nagar Pulikoradu: Rs 880 per sq.ft (2024)
• Periyar Nagar: Rs 880 per sq.ft (2024)
• Periyamalai Forest Road(Rajagopal Street): Rs 880 per sq.ft (2024)
• Pulikkoradu Road: Rs 1,650 per sq.ft (2024)
• Rajagopal Nagar: Rs 1,320 per sq.ft (2024)
• Pachchaimalai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pillai Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total charges Rs 79,200. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillai Koil Street?

The Pillai Koil Street falls under the jurisdiction of the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Pulikoradu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during the buying or selling process.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for taxation purposes. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pillai Koil Street?

The current guideline value of Pillai Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2012 to Rs 880 per sq.ft in 2024, marking a total increase of 47% over this period.

What are the stamp duty and registration fees for properties in Pillai Koil Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations for Pillai Koil Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Pillai Koil Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Pillai Koil Street?

Pillai Koil Street is classified as Residential Class II Type - III, indicating its designation for residential use.