Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pillaiyar Koil Street has changed

In the 2007 revision, the guideline value was Rs 1,500 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The guideline value then rose again to Rs 3,000 per sq.ft in the 2023 revision, a 49% increase from 2017. The most recent 2024 revision has set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Koyakbedu

The village of Koyakbedu has a total of 270 streets under the AnnaNagar SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Pillaiyar Koil Street's 2024 figure below that median.

• Ponnan Street: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs): Rs 11,400 per sq.ft (2024)
• Poonamallee High Road to (Rohini Theatre to Arumbakkam Cemetry): Rs 16,500 per sq.ft (2024)
• Postal Audit Colony: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony 1st Street: Rs 4,900 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 rate, the guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is crucial during property registration in Koyakbedu. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the land classification of Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Which Sub Registrar Office covers Koyakbedu?

The AnnaNagar Sub Registrar Office covers Koyakbedu, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.