Guideline Value for Pillaiyar Koil Street, Chennai 82

Pillaiyar Koil Street, Chennai 82 guideline value

The current guideline value of Pillaiyar Koil Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street, Chennai 82 has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The subsequent revision in 2023 brought the value back up to Rs 4,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft. The register has no figure for this street in 2002 and 2003.

In terms of percentage changes, the value increased by 300% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The jump from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, making Pillaiyar Koil Street's 2024 figure of Rs 4,400 per sq.ft below the median.

• Poachers Road (Porteous Road): Rs 4,400 per sq.ft (2024)
• Pilkington Road: Rs 4,900 per sq.ft (2024)
• Police Manickam Pillai Street: Rs 5,500 per sq.ft (2024)
• Ponnupillai Street: Rs 4,900 per sq.ft (2024)
• Periyar Salai/Street: Rs 4,900 per sq.ft (2024)
• Poosanam Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street, Chennai 82

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, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillaiyar Koil Street, Chennai 82?

The Sub Registrar Office that covers Pillaiyar Koil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall transaction costs. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact their financial planning.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street, Chennai 82 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 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which office handles registrations for Pillaiyar Koil Street?

The AnnaNagar Sub Registrar Office handles registrations for Pillaiyar Koil Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.