Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Kavanur village under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. The earliest recorded value was Rs 145 per sq.ft in 2007, which increased significantly to Rs 700 per sq.ft in 2012. However, it dropped to Rs 469 per sq.ft in 2017 before returning to Rs 700 per sq.ft in both 2023 and 2024. Notably, there are no figures available for the revisions in 2002 and 2003.

From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. The most substantial increase occurred from 2007 to 2012, with a remarkable rise of 383%. Overall, from 2007 to 2024, the guideline value has increased by 383%.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft, with a median value of Rs 800 per sq.ft. Pillaiyar Koil Street's 2024 figure is below this median.

• Peruvazhi Nagar: Rs 800 per sq.ft (2024)
• Periyar Kudiyirupu: Rs 1,200 per sq.ft (2024)
• Punal Nagar: Rs 600 per sq.ft (2024)
• Parameshwari Amman Nagar: Rs 600 per sq.ft (2024)
• Padavattamman Koil Street: Rs 747 per sq.ft (2024)
• New Chennai City Phase - I: Rs 670 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kavanur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official value of the property, which can influence negotiations and final sale prices. It is essential for buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 145 per sq.ft in 2007, rising to Rs 700 in 2012, dropping to Rs 469 in 2017, and then stabilizing at Rs 700 in both 2023 and 2024.

What are the guideline values of other streets in Kavanur?

Other streets in Kavanur have varying guideline values, with rates ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft.

What is the stamp duty rate for property in Pillaiyar Koil Street?

The stamp duty rate for property transactions in Pillaiyar Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.