Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street in Nanganallur village, under the Alandur SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has seen significant changes over the years. In 2002, the value was Rs 167 per sq.ft, which increased to Rs 190 per sq.ft in 2003, marking a 14% rise. The value then surged to Rs 700 per sq.ft in 2007, reflecting a substantial increase of 268%. Following this, the 2012 revision set the value at Rs 2,500 per sq.ft, a decrease of 257% from the previous revision. In 2017, the value rose to Rs 1,675 per sq.ft, which was a 49% increase from 2012. The 2023 revision saw another increase to Rs 2,500 per sq.ft, followed by the current value of Rs 2,800 per sq.ft in 2024, marking a 12% rise.

There are no figures available for the years not mentioned in the register for Pillaiyar Koil Street. Overall, from 2002 to 2024, the guideline value has increased by 1,577%.

Guideline values in Nanganallur

Nanganallur has a total of 155 streets under the Alandur SRO, with guideline values for 2024 ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median guideline value in the village is Rs 3,900 per sq.ft, placing Pillaiyar Koil Street's 2024 figure below that median.

• Pookkara Street: Rs 3,900 per sq.ft (2024)
• Poonthottam 1st Street: Rs 5,500 per sq.ft (2024)
• Poonthottam 2nd Street: Rs 5,500 per sq.ft (2024)
• Poonthottam Colony Street: Rs 4,400 per sq.ft (2024)
• Railway Lane: Rs 3,300 per sq.ft (2024)
• Rajaji 1st Street: Rs 2,800 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 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can 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 Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Nanganallur. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. The registration process will require the payment of applicable fees based on this value, which is set by the Registration Department.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 167 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1,577%.

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

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

Where is the Sub Registrar Office for Pillaiyar Koil Street located?

The Sub Registrar Office for Pillaiyar Koil Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the guideline values of other streets in Nanganallur?

Other streets in Nanganallur have varying guideline values, ranging from Rs 2,800 to Rs 6,600 per sq.ft. Some examples include Pookkara Street at Rs 3,900 per sq.ft and Poonthottam 1st Street at Rs 5,500 per sq.ft.