Guideline Value for Pillaiyar Koil Street (Near Zamin Royapettai Odai Street)

Pillaiyar Koil Street (Near Zamin Royapettai odai street) guideline value

The current guideline value for Pillaiyar Koil Street (Near Zamin Royapettai odai street) is Rs 4,400 per sq.ft. This street is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Pillaiyar Koil Street (Near Zamin Royapettai odai street) has changed

The guideline value for Pillaiyar Koil Street has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 181 per sq.ft. This figure then increased to Rs 600 per sq.ft in 2007, marking a substantial rise of 231%. By 2012, the value remained unchanged at Rs 4,000 per sq.ft. The 2023 revision also kept the same value of Rs 4,000 per sq.ft, but in 2024, it increased to Rs 4,400 per sq.ft, reflecting a 10% rise.

Notably, the 2017 and 2002 revisions have no figure for this street in the register. Overall, from 2003 to 2024, the guideline value has increased by an impressive 2331%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Pillaiyar Koil Street's 2024 figure above this median.

• Pillaiyar Koil Street (Near Zamin Royapettah Kuruji Nagar): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street(Near Pachaiyappan Colony): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Bramin St): 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 Zamin Royapettai odai street)

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, and the registration fee at 2% would be Rs 88,000, bringing the total charges to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil Street (Near Zamin Royapettai odai street)?

The Sub Registrar Office that covers Pillaiyar Koil Street 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 is a crucial factor in property transactions in Zaminpallavaram. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value, as reflected in the guideline register.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street (Near Zamin Royapettai odai street)?

The current guideline value of Pillaiyar Koil Street (Near Zamin Royapettai odai street) 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 changed significantly from Rs 181 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 2331%. The value remained stable at Rs 4,000 per sq.ft from 2012 to 2023.

What is the land classification for Pillaiyar Koil Street?

The land classification for Pillaiyar Koil Street is Commercial Class I Type - III, indicating its suitability for commercial activities.

Where can I find the registration office for properties in this area?

The registration office for properties in Pillaiyar Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Zaminpallavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.