Guideline Value for Pillaiyar Koil Street (Near Bramin St)

Pillaiyar Koil Street (Near Bramin St) guideline value

The current guideline value of Pillaiyar Koil Street (Near Bramin St) is Rs 4,400 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO and is classified as Commercial Class I Type - III.

How the guideline value of Pillaiyar Koil Street (Near Bramin St) has changed

The guideline value for Pillaiyar Koil Street has undergone several revisions over the years. In 2003, the guideline value was Rs 253 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +137%. The value remained stable at Rs 4,000 per sq.ft from 2012 until 2023, with no change during this period. The most recent revision in 2024 saw the guideline value rise to Rs 4,400 per sq.ft, reflecting a +10% increase from the previous year.

Notably, there are no figures available for the years 2017 and 2002 for this street in the register. Overall, from 2003 to 2024, the guideline value has increased by +1639%, showcasing a substantial rise over the years.

Guideline values in Zaminpallavaram

Zaminpallavaram village features a range of guideline values across its 638 streets, with rates varying from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, positioning Pillaiyar Koil Street (Near Bramin St) above this median with its current value of Rs 4,400 per sq.ft.

• Pillaiyar Koil Street (Near Pachaiyappan Colony): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Zamin Royapettah Kuruji Nagar): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Zamin Royapettai odai street): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Pidhambaram Street: Rs 2,750 per sq.ft (2024)
• Perumal Nagar Ext: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street (Near Bramin St)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Pillaiyar Koil Street (Near Bramin St)?

The Sub Registrar Office that covers Pillaiyar Koil Street (Near Bramin St) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is utilized to determine the stamp duty and registration fees payable when registering a property. Buyers and sellers must consider the guideline value to ensure compliance with the legal requirements during the transaction process.

When a property is sold, the guideline value serves as a benchmark for assessing the sale price, and the registration office uses this value to calculate the applicable duties and fees. Therefore, understanding the guideline value is essential for anyone looking to buy or sell property in this area.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street (Near Bramin St)?

The current guideline value of Pillaiyar Koil Street (Near Bramin St) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 253 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of +1639% over the years.

What is the land classification of Pillaiyar Koil Street (Near Bramin St)?

Pillaiyar Koil Street (Near Bramin St) is classified as Commercial Class I Type - III according to the guideline value register.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Pillaiyar Koil Street (Near Bramin St) is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated based on the guideline value?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.