Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, with a land classification of Residential Class II Type - II.

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 2002, the value was Rs 81 per sq.ft. This increased to Rs 105 per sq.ft in 2003, representing a 30% rise. The value then rose significantly to Rs 200 per sq.ft in 2007, marking a 90% increase. In 2012, the value was revised to Rs 800 per sq.ft, a substantial increase of 300%. However, it dropped to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. The value then increased to Rs 800 per sq.ft in 2023, followed by the current value of Rs 880 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 986%. The register has no figure for the years not mentioned.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Pillaiyar Koil Street is below this median.

• Ponni Street (jayaram nagar): Rs 1,100 per sq.ft (2024)
• Pound Cross Street: Rs 880 per sq.ft (2024)
• Pound Street: Rs 880 per sq.ft (2024)
• Prasanthi Avenue: Rs 1,700 per sq.ft (2024)
• Partha Sarathi Nagar: Rs 1,100 per sq.ft (2024)
• Park Street: Rs 1,100 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Ayappakkam, as it determines the minimum value at which a property can be registered. During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When a buyer purchases property, the guideline value ensures transparency in the transaction and helps in assessing the appropriate taxes. It is essential for both buyers and sellers to be aware of the current guideline values to make informed decisions during 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 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 81 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 986% over the years.

What is the stamp duty for property in Pillaiyar Koil Street?

The stamp duty for property in Pillaiyar Koil Street is 7% of the guideline value, which amounts to Rs 61,600 for a 1,000 sq.ft plot at the current rate.

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

The Sub Registrar Office for Pillaiyar Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the range of guideline values in Ayappakkam?

The guideline values in Ayappakkam range from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft for the year 2024.