Guideline Value for Pillaiyar koil Street

Pillaiyar koil Street guideline value

The current guideline value of Pillaiyar koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village under the Kunrathur SRO, 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 seen several revisions over the years. In 2003, the value was Rs 195 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. The value further rose to Rs 1,900 per sq.ft in 2012, but then decreased to Rs 1,273 per sq.ft in 2017. Following this, the value increased to Rs 1,900 per sq.ft in 2023, and finally, it reached Rs 2,090 per sq.ft in the 2024 revision. The register has no figure for this street for the year 2002.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The value saw a notable decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was a substantial 217%, and from 2003 to 2007, it rose by 208%. Overall, from 2003 to 2024, the guideline value has increased by 972%.

Guideline values in Kattupakkam

Kattupakkam village has a total of 75 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Pillaiyar koil Street.

• Poonamallee - Amainthakari Road: Rs 4,290 per sq.ft (2024)
• Pooncholai Street: Rs 3,960 per sq.ft (2024)
• Peria Pattu Street: Rs 3,520 per sq.ft (2024)
• Paventher Nagar: Rs 3,520 per sq.ft (2024)
• Paventhar Nagar Extension: Rs 2,090 per sq.ft (2024)
• Palla Street: Rs 2,090 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, the guideline value is Rs 20,90,000. The stamp duty at 7% amounts to Rs 1,46,300, and the registration fee at 2% is Rs 41,800, bringing the total to Rs 1,88,100. 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattupakkam. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded with the appropriate authorities.

It is important for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Understanding these values helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Pillaiyar koil Street?

The current guideline value of Pillaiyar koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 195 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, with several revisions in between. Notable changes include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

What is the median guideline value for streets in Kattupakkam?

The median guideline value for streets in Kattupakkam is Rs 2,090 per sq.ft, which is the same as the current value for Pillaiyar koil Street.

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

For a 1,000 sq.ft plot, the guideline value is Rs 20,90,000. The total stamp duty and registration fees amount to Rs 1,88,100, which includes a stamp duty of Rs 1,46,300 and a registration fee of Rs 41,800.

Which office handles registrations for Pillaiyar koil Street?

The Kunrathur Sub Registrar Office handles registrations for Pillaiyar koil Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.