Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street in Kazhikundram village is Rs 6,600 per sq.ft, effective from 1 July 2024. This street falls under the Adayar SRO and is classified as Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street has changed

Looking at the revisions, the guideline value for Pillaiyar Koil Street was Rs 6,000 per sq.ft in 2023, which increased to Rs 6,600 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 4,020 per sq.ft, reflecting a significant increase of +49% to the 2023 figure. The 2012 revision also showed a value of Rs 6,000 per sq.ft, which was a decrease of -33% from the 2017 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, comparing the figures from 2012 to 2024, there has been a +10% increase in the guideline value. The 2024 figure of Rs 6,600 per sq.ft is equal to the median guideline value of Rs 6,600 per sq.ft for the 68 streets in Kazhikundram under the Adayar SRO.

Guideline values in Kazhikundram

Kazhikundram has a range of guideline values for its streets, with figures for 2024 ranging from Rs 2,800 to Rs 12,700 per sq.ft. Pillaiyar Koil Street's guideline value of Rs 6,600 per sq.ft is at the median of this range. The following are the guideline values for other streets in Kazhikundram:

• Sakthi Vinayagar Koil Street: Rs 3,900 per sq.ft (2024)
• Muthulakshmi Salai (L.B. Road): Rs 12,700 per sq.ft (2024)
• Kazhikundram Slum Residents: Rs 3,900 per sq.ft (2024)
• Kazhikundram 8th Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 7th Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 6th Street: Rs 3,900 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 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that 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 Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value serves as a reference point for property transactions in Kazhikundram. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial obligations during the registration process. This value helps maintain transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,020 per sq.ft in 2017 to Rs 6,600 per sq.ft in 2024, with notable increases in the intervening years.

What is the land classification of Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Class II Type - I under the Adayar SRO.

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

The Adayar Sub Registrar Office, which covers Pillaiyar Koil Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that these costs are based on a standardized valuation, providing transparency in the registration process.