Guideline Value for Pillaiyar Koil Street (Kannadapalaiyam)

Pillaiyar Koil Street (Kannadapalaiyam) guideline value

The current guideline value for Pillaiyar Koil Street (Kannadapalaiyam) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

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

Over the years, the guideline value for Pillaiyar Koil Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as per the 2024 revision. The changes between these revisions include a 33% decrease from 2012 to 2017, followed by a 49% increase from 2017 to 2023, and a 10% rise from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making the current value of Pillaiyar Koil Street (Kannadapalaiyam) below the median.

• Pillaiyar Koil Street (Near Mudichur Road Ward-31): Rs 3,300 per sq.ft (2024)
• Poornathilagam1st Street: Rs 3,300 per sq.ft (2024)
• Poornathilagam 2nd Street: Rs 3,300 per sq.ft (2024)
• Poornathilagam 3rd Street: Rs 3,300 per sq.ft (2024)
• Poornathilagam Cross Street: Rs 2,200 per sq.ft (2024)
• Porur Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

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

The Sub Registrar Office that covers Pillaiyar Koil Street (Kannadapalaiyam) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, within the Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and can influence negotiations between buyers and sellers. It is crucial for both parties to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of Pillaiyar Koil Street (Kannadapalaiyam) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024.

What is the median guideline value for streets in Tambaram?

The median guideline value for the 360 streets in Tambaram under the Tambaram Joint 1 SRO is Rs 3,300 per sq.ft.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Pillaiyar Koil Street (Kannadapalaiyam)?

The Sub Registrar Office for Pillaiyar Koil Street (Kannadapalaiyam) is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.