Guideline Value for Pillaiyar Koil Street

Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane Sub Registrar Office (SRO). The land classification for this area is Mixed Type - I.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,560 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012, marking a rise of 413%. However, the value dropped to Rs 5,360 per sq.ft in the 2017 revision, a decrease of 33%. The value then rose to Rs 8,000 per sq.ft in the 2023 revision, and most recently, it has increased to Rs 8,800 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 464%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. Pillaiyar Koil Street's 2024 figure of Rs 8,800 per sq.ft is above this median.

• Pillaiyar Koil 2nd lane: Rs 6,600 per sq.ft (2024)
• Pillaiyar Koil 1st lane: Rs 6,600 per sq.ft (2024)
• Peyalwar Street: Rs 7,700 per sq.ft (2024)
• Peters Road (North Side): Rs 13,200 per sq.ft (2024)
• Peters Lane: Rs 7,700 per sq.ft (2024)
• Police Colony Road: Rs 5,500 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 8,800 per sq.ft, the total guideline value is Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total cost for these fees to Rs 7,92,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Triplicane. It serves as a benchmark for determining the registration fees and stamp duty that must be paid during the transaction. This value helps ensure that the property is registered at a fair price according to the local market conditions.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the applicable fees. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of 464% from Rs 1,560 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles the registration for Pillaiyar Koil Street?

The Triplicane Sub Registrar Office handles the registration for Pillaiyar Koil Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

Are there other streets in Triplicane with different guideline values?

Yes, there are other streets in Triplicane with varying guideline values, ranging from Rs 2,700 to Rs 20,900 per sq.ft, with Pillaiyar Koil Street being above the median value of Rs 6,600 per sq.ft.