Guideline Value for Pillaiyar Koil Street(Near Pachaiyappan Colony)

Pillaiyar Koil Street(Near Pachaiyappan Colony) guideline value

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

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 228 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a change of +163%. In 2012, the value rose to Rs 4,000 per sq.ft, reflecting a substantial increase of +567%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of -33%. The value then climbed to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a +10% increase.

Overall, from 2003 to 2024, the guideline value has increased by +1,830%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for the village is Rs 3,300 per sq.ft, placing Pillaiyar Koil Street(Near Pachaiyappan Colony) above this median at Rs 4,400 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration would be 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar Koil Street(Near Pachaiyappan Colony)?

The Sub Registrar Office that covers Pillaiyar Koil Street(Near Pachaiyappan Colony) 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 when buying or selling property in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly. Buyers and sellers should be aware that the guideline value may differ from the actual market price of the property.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's value, as determined by the guideline value set by the Registration Department.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street(Near Pachaiyappan Colony)?

The current guideline value of Pillaiyar Koil Street(Near Pachaiyappan Colony) 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 from Rs 228 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +1,830% over this period.

What is the land classification for Pillaiyar Koil Street(Near Pachaiyappan Colony)?

The land classification for Pillaiyar Koil Street(Near Pachaiyappan Colony) is Commercial Class I Type - III.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

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