Guideline Value for Pillaiyar Koil Street (JPT)

Pillaiyar Koil Street (JPT) guideline value

The current guideline value of Pillaiyar Koil Street (JPT) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pillaiyar Koil Street (JPT) has changed

Starting with the 2007 revision, the guideline value was Rs 2,110 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a growth of 137%. However, in the 2017 revision, the value decreased to Rs 3,350 per sq.ft, which was a decline of 33%. Following this, the value rose to Rs 5,000 per sq.ft in 2023, and then to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 161%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Pillaiyar Koil Street (JPT) above this median.

• Pillaiyar Koil Street (Kasikulam): Rs 5,500 per sq.ft (2024)
• Pillaiyar Koil Street (Muttu Lane) (JPT): Rs 4,900 per sq.ft (2024)
• Pillaiyar Koil Street (Nesappakkam): Rs 2,700 per sq.ft (2024)
• Pillaiyar Koil Street (Vadapalani): Rs 4,900 per sq.ft (2024)
• Pilliaiyar Koil Street Block 91, 92: Rs 5,500 per sq.ft (2024)
• Pillaiyar Koil 3rd Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street (JPT)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillaiyar Koil Street (JPT)?

The Sub Registrar Office that covers Pillaiyar Koil Street (JPT) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

When buying or selling property in Kodambakkam, the guideline value is a crucial factor in determining the stamp duty and registration fees. This value is set by the government and is used to calculate the applicable fees during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it can influence the overall transaction cost. The guideline value is regularly revised, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street (JPT)?

The current guideline value of Pillaiyar Koil Street (JPT) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 2,110 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, which is an overall increase of 161%.

What are the other streets in Kodambakkam with similar guideline values?

Other streets in Kodambakkam include Pillaiyar Koil Street (Kasikulam) and Pilliaiyar Koil Street Block 91, 92, both valued at Rs 5,500 per sq.ft in 2024.

What fees are associated with buying property in Pillaiyar Koil Street (JPT)?

When purchasing property, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street (JPT)?

The Ashok Nagar Sub Registrar Office covers Pillaiyar Koil Street (JPT) and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.