Guideline Value for Pillaiyar koil Street

Pillaiyar koil Street guideline value

The current guideline value of Pillaiyar koil Street in Kidangarai village is Rs 101 per sq.ft, effective from 1 July 2024. This street falls under the Salavakkam SRO and is classified as Residential Class II Type - I.

How the guideline value of Pillaiyar koil Street has changed

The guideline value for Pillaiyar koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 55 per sq.ft. This figure increased to Rs 37 per sq.ft in 2017, which was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 170%, bringing the value to Rs 100 per sq.ft. The latest revision in 2024 saw a slight increase to Rs 101 per sq.ft, marking a change of 1% from the previous year.

There are no figures available in the register for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 84%.

Guideline values in Kidangarai

In Kidangarai village, three streets under the Salavakkam SRO have a 2024 guideline value ranging from Rs 100 to Rs 102 per sq.ft, with the median being Rs 101 per sq.ft. Pillaiyar koil Street's 2024 guideline value aligns with this median.

• Perumal Koil Street: Rs 100 per sq.ft (2024)
• Ganapathi Puram: Rs 102 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 101 per sq.ft, the guideline value amounts to Rs 1,01,000. The stamp duty, charged at 7%, would be Rs 7,070, while the registration fee at 2% would be Rs 2,020. Together, the total cost for these fees would be Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kidangarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in 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 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 55 per sq.ft in 2012 to Rs 101 per sq.ft in 2024, reflecting an overall increase of 84% over this period.

What are the other streets in Kidangarai with guideline values?

Other streets in Kidangarai with guideline values include Perumal Koil Street at Rs 100 per sq.ft and Ganapathi Puram at Rs 102 per sq.ft for 2024.

Where is the Salavakkam Sub Registrar Office located?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pillaiyar koil Street?

Stamp duty for properties in Pillaiyar koil Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,01,000, the stamp duty would be Rs 7,070 at 7%.