Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Mannurpet village under the Konnur SRO, classified as 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. In 2002, the value was set at Rs 275 per sq.ft, which increased to Rs 303 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 800 per sq.ft in 2007, reflecting a 164% change. By 2012, the value was Rs 1,600 per sq.ft, which represented a 100% increase from the previous revision. However, this value dropped to Rs 1,072 per sq.ft in 2017, indicating a decrease of 33%.

In 2023, the guideline value was revised to Rs 1,600 per sq.ft, and it further increased to Rs 1,700 per sq.ft in 2024, showing a 6% rise. Overall, from 2002 to 2024, the guideline value has increased by 518%. There are no figures available for revisions in years other than those specified.

Guideline values in Mannurpet

Mannurpet village has a total of 38 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Pillaiyar Koil Street's 2024 figure above this median.

• Perumal Koil Street: Rs 1,300 per sq.ft (2024)
• Pattaraivakkam Road: Rs 1,700 per sq.ft (2024)
• Pudu Pillaiyar Koil Street: Rs 1,700 per sq.ft (2024)
• Padasalai Street: Rs 1,100 per sq.ft (2024)
• Nehru Nagar: Rs 1,300 per sq.ft (2024)
• Mugapper Road: Rs 3,300 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 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office covering Pillaiyar Koil Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Mannurpet. It determines the minimum value at which a property can be registered, ensuring that the transaction is conducted at a value recognized by the government.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware of the guideline value to understand the financial implications of their 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 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 275 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 518% over this period.

What is the registration office for Pillaiyar Koil Street?

The registration office for Pillaiyar Koil Street is the Konnur Sub Registrar Office, located in Ambattur, Chennai.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is typically charged at 7% of the guideline value or the sale price, whichever is higher.

How many streets in Mannurpet have a guideline value?

There are 38 streets in Mannurpet under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,600 per sq.ft.