Guideline Value for Pillaiyar Koil 3rd Street

Pillaiyar Koil 3rd Street guideline value

The current guideline value of Pillaiyar Koil 3rd Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, classified as Residential Class V Type - III.

How the guideline value of Pillaiyar Koil 3rd Street has changed

The guideline value for Pillaiyar Koil 3rd Street has seen several revisions over the years. In 2002, the value was Rs 384 per sq.ft, which increased to Rs 457 per sq.ft in 2003, marking a 19% rise. The value further increased to Rs 1,000 per sq.ft in 2007, representing a significant 119% change. By 2012, the value was Rs 1,500 per sq.ft, indicating a 50% increase from the previous revision. However, it decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, followed by the current value of Rs 1,700 per sq.ft in 2024, reflecting a 13% increase.

Overall, from 2002 to 2024, the guideline value has increased by 343%. The register has no figures for revisions in years other than those specified.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Pillaiyar Koil 3rd Street's current value below this median.

• Pillaiyar Koil 4th Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 5th Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 6th Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 2nd Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 7th Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 8th Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. 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 3rd Street?

The Sub Registrar Office that covers Pillaiyar Koil 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 3rd Street?

The current guideline value of Pillaiyar Koil 3rd Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 384 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 343% over the years.

What is the median guideline value in Kottivakkam?

The median guideline value for the 284 streets in Kottivakkam under the Adayar SRO is Rs 3,900 per sq.ft, which is higher than the current value of Pillaiyar Koil 3rd Street.

What are the stamp duty and registration fees for Pillaiyar Koil 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,00,000. The stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where is the Sub Registrar Office for Pillaiyar Koil 3rd Street located?

The Sub Registrar Office for Pillaiyar Koil 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.