Guideline Value for Pillaiyar Koil Main Road

Pillaiyar Koil Main Road guideline value

The current guideline value of Pillaiyar Koil Main Road is Rs 830 per sq.ft, effective from 1 July 2024. This road is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Pillaiyar Koil Main Road has changed

The guideline value for Pillaiyar Koil Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which was then reduced to Rs 502 per sq.ft in the 2017 revision. After this, the value increased significantly to Rs 750 per sq.ft in the 2023 revision, and it has now risen to Rs 830 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been an increase of 11% in the guideline value.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is equal to the current value of Pillaiyar Koil Main Road. Below are other streets in Agaramthen:

• Poonga Street: Rs 830 per sq.ft (2024)
• Prime Avenue: Rs 3,300 per sq.ft (2024)
• Prime Avenue Extension: Rs 3,300 per sq.ft (2024)
• Parvathi Nagar: Rs 1,440 per sq.ft (2024)
• Raghulamman Koil Cross Street: Rs 830 per sq.ft (2024)
• Raghulamman Koil Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty is calculated at 7%, which totals Rs 58,100, and the registration fee is charged at 2%, amounting to Rs 16,600. Together, the total cost for duty and registration fees would be Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pillaiyar Koil Main Road?

The Sub Registrar Office that covers Pillaiyar Koil Main Road 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 Agaramthen

The guideline value is a crucial factor in the registration of property transactions in Agaramthen. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, thus ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Main Road?

The current guideline value of Pillaiyar Koil Main Road is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Main Road?

The land classification for Pillaiyar Koil Main Road is Residential Class I Type - II.

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

For a property valued at Rs 8,30,000, the stamp duty is Rs 58,100 and the registration fee is Rs 16,600, totaling Rs 74,700.

Where is the Sub Registrar Office for Pillaiyar Koil Main Road located?

The Sub Registrar Office for Pillaiyar Koil Main Road is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.