Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has undergone several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft. This figure increased significantly to Rs 1,340 per sq.ft in 2017, marking a rise of 235%. The value further increased to Rs 2,000 per sq.ft in 2023, reflecting a 49% change from the previous revision. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Pillaiyar Koil Street's 2024 value above this median.

• Perumal Street: Rs 1,100 per sq.ft (2024)
• Pilliyar Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Pilliyar Koil Street (15): Rs 2,200 per sq.ft (2024)
• Pilliyar Koil Street (8): Rs 2,200 per sq.ft (2024)
• Police Commisioner Colony: Rs 2,200 per sq.ft (2024)
• Periyar Street Vinayagar Nagar: Rs 1,650 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 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street 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 Pozhichalur

The guideline value is an important factor in the registration process when buying or selling property in Pozhichalur. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When a property is sold, the buyer must pay stamp duty and registration fees 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 is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 450% over this period.

What are the other streets with the same guideline value in Pozhichalur?

Other streets in Pozhichalur with the same guideline value of Rs 2,200 per sq.ft include Pilliyar Koil Cross Street, Pilliyar Koil Street (15), Pilliyar Koil Street (8), and Police Commissioner Colony.

What are the registration fees for property transactions?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.