Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in the village of Mangadu -A under the Kunrathur SRO, 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 several revisions over the years. The earliest recorded figure is from 2017, where the value was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, which reflects a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Pillaiyar Koil Street is below this median.

• Perumal Koil Street: Rs 2,500 per sq.ft (2024)
• Ponni Nagar: Rs 1,540 per sq.ft (2024)
• Poonamallee - Kundrathur Road: Rs 2,200 per sq.ft (2024)
• Periyar Nagar: Rs 1,540 per sq.ft (2024)
• Priam Avenue Extension: Rs 1,870 per sq.ft (2024)
• Priyam Avenue: Rs 1,870 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 amounts to Rs 15,40,000. The stamp duty is calculated at 7%, which totals Rs 1,07,800, and the registration fee at 2% amounts to Rs 30,800. Together, the total cost for stamp duty and registration fee is Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from 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 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Pillaiyar Koil Street?

Pillaiyar Koil Street is classified as Residential Class II Type - I under the Kunrathur SRO.

What are the other streets in Mangadu -A with their guideline values?

Other streets in Mangadu -A include Perumal Koil Street (Rs 2,500 per sq.ft), Ponni Nagar (Rs 1,540 per sq.ft), and Poonamallee - Kundrathur Road (Rs 2,200 per sq.ft), among others.

How is the stamp duty calculated for properties in Pillaiyar Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,40,000 would incur a stamp duty of Rs 1,07,800.