Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kobarasanallur village, under the Kunrathur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Pillaiyar Koil Street has changed

Over the years, the guideline value of Pillaiyar Koil Street has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was followed by a decrease to Rs 1,206 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase to Rs 1,800 per sq.ft, and the most recent revision in 2024 has raised it to Rs 1,980 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but between 2017 and 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase, with the latest revision showing a 10% rise from the previous year.

Guideline values in Kobarasanallur

Kobarasanallur village has a total of 28 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is the same as the guideline value for Pillaiyar Koil Street.

• Poonamallee High Road: Rs 4,180 per sq.ft (2024)
• Royal Castle: Rs 1,980 per sq.ft (2024)
• Royal Garden & Annexe: Rs 1,980 per sq.ft (2024)
• R.T.R.Avenue: Rs 3,285 per sq.ft (2024)
• Moogambigai Nagar Phase I & II: Rs 1,980 per sq.ft (2024)
• Marshall Nagar: Rs 1,980 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 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kobarasanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value will influence the total costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Mixed Special Type - II under the land classification system.

Where can I find the registration office for Pillaiyar Koil Street?

The registration office for Pillaiyar Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same amount. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 1,78,200.