Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village, under the Pammal Sub Registrar Office (SRO), with a land classification of Residential 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. The oldest available revision is from 2017, where the value was Rs 737 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 1,210 per sq.ft, which is the same as the guideline value for Pillaiyar Koil Street.

• Periyar Cross Street: Rs 1,210 per sq.ft (2024)
• R.K. Vallarasu Nagar: Rs 1,210 per sq.ft (2024)
• Nehru Street: Rs 1,210 per sq.ft (2024)
• Melma Nagar: Rs 1,210 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 990 per sq.ft (2024)
• Selva Vinayagar Koil Street (ward 2): Rs 990 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 1,210 per sq.ft, the guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

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 details.

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

The guideline value is a crucial factor when registering property transactions in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded fairly.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. The authorities use this value to assess the financial implications of the property transfer.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023, and now to Rs 1,210 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Pillaiyar Koil Street?

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

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.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the stamp duty at 7% would be Rs 84,700.