Guideline Value for Pillaiyar Koil street

Pillaiyar Koil street guideline value

The current guideline value of Pillaiyar Koil street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - II.

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 value is from 2002, where it was Rs 518 per sq.ft. This figure increased to Rs 571 per sq.ft in 2003, marking a change of +10%. Following this, the value rose significantly to Rs 1,500 per sq.ft in 2007, which was an increase of +163%. The 2012 revision saw the value at Rs 5,800 per sq.ft, reflecting a decrease of -33% from the previous revision. In 2017, the guideline value increased to Rs 3,886 per sq.ft, which was a +49% change. The most recent revision in 2023 set the value at Rs 5,800 per sq.ft, before the current value of Rs 6,300 per sq.ft, effective from 2024, which is an increase of +9%.

There are no figures available for the revisions in years not listed for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, which means that the guideline value for Pillaiyar Koil street is below this median.

• Perumal reddy street: Rs 3,400 per sq.ft (2024)
• Perumal Reddy lane: Rs 3,400 per sq.ft (2024)
• Perumal Mudali street: Rs 7,100 per sq.ft (2024)
• Perumal Mudali extn: Rs 7,100 per sq.ft (2024)
• Perumal Mudali 1st lane: Rs 7,100 per sq.ft (2024)
• Police Commissioner Office Salai: Rs 18,100 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 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, while the registration fee at 2% would be Rs 1,26,000. The total cost for these fees together would be Rs 5,67,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Pillaiyar Koil street?

The Sub Registrar Office that covers Pillaiyar Koil street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are based on this 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 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 518 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of +1116% over the years.

What is the median guideline value in Egmore?

The median guideline value in Egmore village is Rs 7,100 per sq.ft, which is higher than the current value of Pillaiyar Koil street.

What fees are associated with buying property in Pillaiyar Koil street?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pillaiyar Koil street located?

The Sub Registrar Office for Pillaiyar Koil street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.