Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 275 per sq.ft, effective from the 2024 revision. This street is located in Aangadu village under the Redhills Sub Registrar Office (SRO) and is 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 changes over the years. The earliest recorded revision was in 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2012, marking a rise of 150%. However, in 2017, the value decreased to Rs 167 per sq.ft, which was a reduction of 33%. The value then rose again to Rs 250 per sq.ft in 2023, reflecting a 50% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 275 per sq.ft, representing a 10% increase from 2023.

There are no recorded figures for Pillaiyar Koil Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Aangadu

Aangadu village has a range of guideline values across its 23 streets under the Redhills SRO, with values ranging from Rs 220 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, which is equal to the 2024 figure for Pillaiyar Koil Street.

• Perumal Koil Street: Rs 275 per sq.ft (2024)
• Om Devi Amman Nagr: Rs 275 per sq.ft (2024)
• New Sun City Phase - I: Rs 330 per sq.ft (2024)
• New Sun City Extension I: Rs 550 per sq.ft (2024)
• New Sun City Extension: Rs 550 per sq.ft (2024)
• New Sun City: Rs 220 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 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Aangadu. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is in compliance with government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What are the stamp duty and registration fees for property in Pillaiyar Koil Street?

For a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250 and the registration fee would be Rs 5,500, totaling Rs 24,750.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Redhills Sub Registrar Office covers Pillaiyar Koil Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value for streets in Aangadu?

The median guideline value for the 23 streets in Aangadu is Rs 275 per sq.ft, which is the same as the current guideline value for Pillaiyar Koil Street.