Guideline Value for Pillaiyar Koil 6th Street

Pillaiyar Koil 6th Street guideline value

The current guideline value of Pillaiyar Koil 6th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO, with a land classification of Residential Class V Type - III.

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

The guideline value for Pillaiyar Koil 6th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 384 per sq.ft. In 2003, it increased to Rs 457 per sq.ft, marking a change of +19%. The value saw significant growth in the following years, reaching Rs 1,000 per sq.ft in 2007, a +119% increase. By 2012, the value was Rs 1,500 per sq.ft, which was a +50% change from the previous revision. However, this value decreased to Rs 1,005 per sq.ft in 2017, reflecting a -33% change.

In the subsequent revision in 2023, the guideline value rose to Rs 1,500 per sq.ft, marking a +49% increase. The most recent revision in 2024 set the guideline value at Rs 1,700 per sq.ft, representing a +13% change from the previous year. There are no figures available for the revisions in years not mentioned in the register for this street.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,900 per sq.ft, indicating that the value for Pillaiyar Koil 6th Street is below the median.

• Pillaiyar Koil 7th Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 5th Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 8th Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 4th Street: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil Main Road: Rs 1,700 per sq.ft (2024)
• Pillaiyar Koil 3rd Street: Rs 1,700 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 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, while the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of properties in Kottivakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the necessary taxes are paid according to the established rates.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. Ensuring compliance with the guideline value helps in smooth processing during registration at the Sub Registrar Office.

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

For a property valued at 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.

Which Sub Registrar Office covers this street?

The Adayar Sub Registrar Office covers Pillaiyar Koil 6th Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

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

The land classification for Pillaiyar Koil 6th Street is Residential Class V Type - III.