Guideline Value for Pillaiyar Koil 4th Street

Pillaiyar Koil 4th Street guideline value

The current guideline value of Pillaiyar Koil 4th Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kaspapuram village, under the Tambaram Joint 1 SRO, with a land classification of Residential Class I Type - III.

How the guideline value of Pillaiyar Koil 4th Street has changed

The guideline value for Pillaiyar Koil 4th Street has seen several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and further rose to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaspapuram

Kaspapuram has a total of 76 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that the 2024 figure for Pillaiyar Koil 4th Street is below this median.

• Pillaiyar Koil 5th Street: Rs 550 per sq.ft (2024)
• Pillaiyar Koil 6th Street: Rs 550 per sq.ft (2024)
• Padavatamman Koil Street: Rs 440 per sq.ft (2024)
• Padavatamman Koil Cross Street: Rs 440 per sq.ft (2024)
• Rajiv Gandhi Nagar Main Road: Rs 550 per sq.ft (2024)
• Nesamani Chellammal Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil 4th Street?

The Sub Registrar Office that covers Pillaiyar Koil 4th Street is 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 Kaspapuram

The guideline value is a crucial factor in the registration process of property transactions in Kaspapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the sale and purchase of properties.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 4th Street?

The current guideline value of Pillaiyar Koil 4th Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Pillaiyar Koil 4th Street?

The land classification of Pillaiyar Koil 4th Street is Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 49,500.

Which office handles registrations for Pillaiyar Koil 4th Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Pillaiyar Koil 4th Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.