Guideline Value for Pillaiyar Koil Street. H.L. Colony

Pillaiyar Koil Street. H.L. Colony guideline value

The current guideline value of Pillaiyar Koil Street in H.L. Colony, Pammal village, is Rs 2,530 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Pillaiyar Koil Street. H.L. Colony has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,541 per sq.ft, which increased to Rs 2,300 per sq.ft in the 2023 revision. The current 2024 revision reflects a further increase to Rs 2,530 per sq.ft, marking a 10% rise from the previous year. It is noteworthy that the register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. These changes indicate a significant upward trend in the guideline value over the years.

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. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Pillaiyar Koil Street's 2024 figure above the median.

• Pillaiyar Koil Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Pillaiyar Koil Street, Dr.Ambedhar Nagar: Rs 1,980 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. H.L. Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pillaiyar Koil Street. H.L. Colony?

The Sub Registrar Office that covers Pillaiyar Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 is a crucial factor during property transactions in Pammal. It serves as a benchmark for determining the minimum price at which property can be registered. Buyers and sellers often refer to this value to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street in H.L. Colony is Rs 2,530 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 1,541 per sq.ft in 2017 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the stamp duty and registration fees for a property in Pillaiyar Koil Street?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles property registrations in Pammal?

The Pammal Sub Registrar Office handles property registrations in Pammal, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, which is lower than the current value of Pillaiyar Koil Street.