Guideline Value for Pillaiyar Koil 6th Street

Pillaiyar Koil 6th Street guideline value

The current guideline value of Pillaiyar Koil 6th 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, classified as Residential Class I Type - III.

How the guideline value of Pillaiyar Koil 6th Street has changed

Looking at the historical revisions, the guideline value for Pillaiyar Koil 6th Street was Rs 500 per sq.ft in 2023, which reflects a 10% increase to the current value of Rs 550 per sq.ft in 2024. Prior to that, in 2017, the value was Rs 335 per sq.ft, indicating a significant increase of 49% over the six years leading up to 2023. The 2012 revision showed a guideline value of Rs 500 per sq.ft, which was a decrease of 33% from the 2017 figure.

From 2012 to 2024, the overall change in guideline value is an increase of 10%, moving from Rs 500 per sq.ft in 2012 to Rs 550 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaspapuram

In Kaspapuram, there are 76 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Pillaiyar Koil 6th Street is below this median.

• Pillaiyar Koil 5th Street: Rs 550 per sq.ft (2024)
• Pillaiyar Koil 4th 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 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillaiyar Koil 6th Street?

The Sub Registrar Office that covers Pillaiyar Koil 6th 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kaspapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 6th Street?

The current guideline value of Pillaiyar Koil 6th 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 increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% increase. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification of Pillaiyar Koil 6th Street?

Pillaiyar Koil 6th Street is classified as Residential Class I Type - III. This classification is important for understanding the type of development allowed in the area.

Where can I find the registration office for this street?

The registration office for Pillaiyar Koil 6th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Kaspapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.