Guideline Value for Pillaiyar Koil 4th Street

Pillaiyar Koil 4th Street guideline value

The current guideline value of Pillaiyar Koil 4th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class V 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 2002, the value was Rs 384 per sq.ft, which increased to Rs 457 per sq.ft in 2003. The value then rose significantly to Rs 1,000 per sq.ft in 2007, followed by an increase to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The value saw a substantial increase to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft as per the 2024 revision.

Between the revisions, the most notable changes include a 13% increase from 2023 to 2024 and a 49% increase from 2017 to 2023. The value decreased by 33% from 2012 to 2017, while it increased by 50% from 2007 to 2012. There was a remarkable 119% increase from 2003 to 2007 and a 19% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 343%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing Pillaiyar Koil 4th Street's current value below that median.

• Pillaiyar Koil 5th Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 3rd Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 6th 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)
• Pillaiyar Koil 2nd Street: Rs 1,700 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 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling 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.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pillaiyar Koil 4th Street?

The Sub Registrar Office that covers Pillaiyar Koil 4th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is officially recorded and that the appropriate taxes are collected by the government.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the fees based on the property size and its designated value. This helps maintain transparency and standardization in property transactions within the region.

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 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly 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 stamp duty for a property in Pillaiyar Koil 4th Street?

The stamp duty for a property in Pillaiyar Koil 4th Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,19,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles the registration of properties in the area.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, which is higher than the current guideline value of Pillaiyar Koil 4th Street.