Guideline Value for Pillaiyar Koil Street, Gandhi Nagar Extn

Pillaiyar Koil Street, Gandhi Nagar Extn guideline value

The current guideline value of Pillaiyar Koil Street, Gandhi Nagar Extn is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Pillaiyar Koil Street, Gandhi Nagar Extn has changed

The guideline value for Pillaiyar Koil Street has undergone several revisions since 2017. In the 2017 revision, the value was set at Rs 1,507 per sq.ft. This increased significantly to Rs 2,250 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 further increased the guideline value to Rs 2,475 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in the village is Rs 2,090 per sq.ft, placing Pillaiyar Koil Street above this median.

• Pillaiyar Koil Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Pillaiyar Koil Street, H.L. Colony: Rs 2,530 per sq.ft (2024)
• Pillaiyar Koil Street, Ponni Nagar: Rs 1,870 per sq.ft (2024)
• Pillappan Street, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 1st Cross Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillayar Koil 1st Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street, Gandhi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500. Together, the total cost for stamp duty and registration fee would be Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil Street, Gandhi Nagar Extn?

The Sub Registrar Office that covers Pillaiyar Koil Street, Gandhi Nagar Extn is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street, Gandhi Nagar Extn?

The current guideline value of Pillaiyar Koil Street, Gandhi Nagar Extn is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,507 per sq.ft in 2017 to Rs 2,475 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the land classification for Pillaiyar Koil Street?

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

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 2,22,750.

Where is the Sub Registrar Office for Pillaiyar Koil Street located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone, covering Pillaiyar Koil Street, Gandhi Nagar Extn.