Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw a further increase to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2017 for this street. The overall increase from 2007 to 2024 is 144%, reflecting the changes in the guideline value over the years.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, making the guideline value of Pillaiyar Koil Street above this median.

• Perkins Lane: Rs 1,300 per sq.ft (2024)
• Ponnuswamy Street: Rs 1,600 per sq.ft (2024)
• Periyar Street: Rs 1,300 per sq.ft (2024)
• Periyar Salai: Rs 1,300 per sq.ft (2024)
• Poondi Thangammal Street: Rs 1,600 per sq.ft (2024)
• Poongavanam Kuppam: Rs 1,300 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, 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 Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the appropriate taxes are collected based on the established values in the region.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 144% over the years.

What are the other streets in Tondaiarpet with their guideline values?

Other streets in Tondaiarpet include Perkins Lane at Rs 1,300 per sq.ft, Ponnuswamy Street at Rs 1,600 per sq.ft, and several others, with values ranging from Rs 1,300 to Rs 1,600 per sq.ft in 2024.

What is the stamp duty rate for properties in Pillaiyar Koil Street?

The stamp duty rate for properties in Pillaiyar Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pillaiyar Koil Street?

The Sub Registrar Office for Pillaiyar Koil Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.