Guideline Value for Pillaiyar Koil 1st Lane

Pillaiyar Koil 1st Lane guideline value

The current guideline value of Pillaiyar Koil 1st Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village under the Sembiam SRO, classified as Residential Class III Type - I.

How the guideline value of Pillaiyar Koil 1st Lane has changed

The guideline value for Pillaiyar Koil 1st Lane has undergone several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, reflecting a rise of 125%. However, the value decreased by 33% to Rs 1,206 per sq.ft in the 2017 revision. From 2017 to 2023, the value saw a substantial increase of 49%, reaching Rs 1,800 per sq.ft, and then further increased to Rs 1,900 per sq.ft in the 2024 revision, marking a 6% rise.

For the years 2002 and 2003, the register has no figure for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 138%.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median value is Rs 1,900 per sq.ft, which is the same as the current value for Pillaiyar Koil 1st Lane.

• Pillaiyar Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil 2nd Lane: Rs 1,900 per sq.ft (2024)
• Pillaiyar Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,200 per sq.ft (2024)
• Pipe Line Lane: Rs 1,600 per sq.ft (2024)
• Park Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil 1st Lane?

The Sub Registrar Office covering Pillaiyar Koil 1st Lane is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Siruvallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both 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 Pillaiyar Koil 1st Lane?

The current guideline value of Pillaiyar Koil 1st Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 138%.

What are the stamp duty and registration fees for property in Pillaiyar Koil 1st Lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,00,000, leading to a stamp duty of Rs 1,33,000 and a registration fee of Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office covers this area?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Pillaiyar Koil 1st Lane.

What is the land classification of Pillaiyar Koil 1st Lane?

Pillaiyar Koil 1st Lane is classified as Residential Class III Type - I under the guideline value register.