Guideline Value for Pillayar Koil 1st Street / Krishna Nagar

Pillayar Koil 1st Street / Krishna Nagar guideline value

The current guideline value for Pillayar Koil 1st Street / Krishna Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pillayar Koil 1st Street / Krishna Nagar has changed

The guideline value for Pillayar Koil 1st Street / Krishna Nagar has seen significant increases over the years. In 2002, the value was Rs 266 per sq.ft, which rose to Rs 335 per sq.ft in 2003, marking a 26% increase. The value continued to rise to Rs 570 per sq.ft in 2007, reflecting a 70% increase from the previous revision. By 2017, the value had jumped to Rs 1,541 per sq.ft, a substantial increase of 170% from 2007. The next revision in 2023 set the value at Rs 2,300 per sq.ft, which was a 49% increase from 2017. The current value of Rs 2,530 per sq.ft in 2024 represents a 10% increase from the previous year.

It is important to note that there is no figure for this street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 851%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, placing Pillayar Koil 1st Street / Krishna Nagar above this median.

• Pillayar Koil 1st Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 1st Cross Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillayar Koil 2nd Cross Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillappan Street, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 2nd Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillayar Koil 2nd Street / Mungil Lake: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil 1st Street / Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillayar Koil 1st Street / Krishna Nagar?

The Sub Registrar Office that covers Pillayar Koil 1st Street / Krishna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Pammal as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value will be referenced to ensure that the transaction is recorded accurately. This helps in maintaining transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value for Pillayar Koil 1st Street / Krishna Nagar?

The current guideline value for Pillayar Koil 1st Street / Krishna Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 266 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, which is an overall increase of 851% over this period.

What is the land classification for this area?

Pillayar Koil 1st Street / Krishna Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Where is the Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.