Guideline Value for Pillayar Koil 2nd Cross Street / Krishna Nagar

Pillayar Koil 2nd Cross Street / Krishna Nagar guideline value

The current guideline value of Pillayar Koil 2nd Cross 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 2nd Cross Street / Krishna Nagar has changed

The guideline value for Pillayar Koil 2nd Cross Street / Krishna Nagar has undergone several revisions over the years. Starting from Rs 266 per sq.ft in 2002, it increased to Rs 335 per sq.ft in 2003, marking a 26% rise. By 2007, the value had significantly jumped to Rs 570 per sq.ft, which was a 70% increase from the previous revision. The 2017 revision saw a further substantial increase to Rs 1,541 per sq.ft, reflecting a 170% rise. In 2023, the guideline value reached Rs 2,300 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 2,530 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Pillayar Koil 2nd Cross Street / Krishna Nagar above this median.

• Pillayar Koil 1st Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 2nd Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillayar Koil 1st Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Pillayar Koil 2nd Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 3rd Street / Mungil Lake: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil 2nd Cross 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. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillayar Koil 2nd Cross Street / Krishna Nagar?

The Sub Registrar Office that covers Pillayar Koil 2nd Cross Street / Krishna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that both the government and the buyer are fairly represented in the transaction process.

Frequently asked questions

What is the current guideline value of Pillayar Koil 2nd Cross Street / Krishna Nagar?

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

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 266 per sq.ft to Rs 2,530 per sq.ft in 2024, marking an overall increase of 851%.

What is the median guideline value of streets in Pammal?

The median guideline value of streets in Pammal is Rs 2,090 per sq.ft, with Pillayar Koil 2nd Cross Street / Krishna Nagar above this median at Rs 2,530 per sq.ft.

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

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.

Which office handles property registrations for Pillayar Koil 2nd Cross Street / Krishna Nagar?

The Pammal Sub Registrar Office handles property registrations for Pillayar Koil 2nd Cross Street / Krishna Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.