Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. In 2003, the value was Rs 303 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a significant rise of 98%. The value remained steady at Rs 4,000 per sq.ft from 2012 until 2023, after which it increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a change of 10%.

Notably, the 2007 to 2012 revision saw the most substantial increase, with a jump of 567%. Overall, from 2003 to 2024, the guideline value has increased by 1352%. The register has no figures for the years 2012, 2017, and 2002 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 value across these streets is Rs 3,300 per sq.ft, placing Pillaiyar Koil Street's 2024 value above this median.

• Pillaiyar Koil Street (Near Bramin St): Rs 4,400 per sq.ft (2024)
• Pidhambaram Street: Rs 2,750 per sq.ft (2024)
• Pillaiyar Koil Street (Near Pachaiyappan Colony): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Zamin Royapettah Kuruji Nagar): Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Zamin Royapettai odai street): Rs 4,400 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

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, leading to a total of 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street 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 plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When a property is sold, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street 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 increased from Rs 303 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1352% over the years.

What is the land classification for Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Commercial Class I Type - III.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street?

The Sub Registrar Office for Pillaiyar Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pillaiyar Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. 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%.