Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 2,450 per sq.ft, effective from 1 July 2024. This street is located in Moulivakkam village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Pillaiyar Koil Street has changed

Over the years, the guideline value of Pillaiyar Koil Street has seen significant changes. The earliest recorded figure was Rs 250 per sq.ft in 2003, which increased to Rs 750 per sq.ft in 2007. The value then rose dramatically to Rs 2,200 per sq.ft in 2012. However, it decreased to Rs 1,474 per sq.ft in 2017 before climbing to Rs 2,200 per sq.ft again in 2023. The most recent revision in 2024 set the guideline value at Rs 2,450 per sq.ft.

The changes between these revisions are notable. From 2003 to 2007, there was a remarkable increase of 200%. The value then surged by 193% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. A significant increase of 49% was recorded from 2017 to 2023, and the latest revision from 2023 to 2024 shows an increase of 11%. Overall, from 2003 to 2024, the guideline value has increased by 880%.

Guideline values in Moulivakkam

Moulivakkam village has 44 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median value is Rs 2,450 per sq.ft, which aligns with the 2024 figure for Pillaiyar Koil Street.

• Perumal Koil Street: Rs 2,450 per sq.ft (2024)
• Ponniyamman koil Street: Rs 2,450 per sq.ft (2024)
• Porur - Kundrathur Road: Rs 2,650 per sq.ft (2024)
• Rajagopalapuram Avenue: Rs 2,650 per sq.ft (2024)
• Rajagopal Avenue: Rs 2,450 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 2,450 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 of Rs 2,450 per sq.ft, the guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, totaling Rs 2,20,500. 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 details.

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 Moulivakkam

The guideline value plays a crucial role during the registration of property transactions in Moulivakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value ensures that the transaction is registered at a fair price, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 2,450 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 250 per sq.ft in 2003 to Rs 2,450 per sq.ft in 2024, reflecting an overall increase of 880% over the years.

What is the land classification of Pillaiyar Koil Street?

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

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 is stamp duty calculated for properties in Moulivakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 24,50,000 would incur a stamp duty of Rs 1,71,500 at 7%.