Guideline Value for Pillayar Koil Street /NagalKeni

Pillayar Koil Street /NagalKeni guideline value

The current guideline value of Pillayar Koil Street /NagalKeni is Rs 1,980 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 II Type - II.

How the guideline value of Pillayar Koil Street /NagalKeni has changed

The guideline value for Pillayar Koil Street /NagalKeni has seen significant changes over the years. In 2002, the value was Rs 194 per sq.ft, which increased to Rs 220 per sq.ft in 2003, marking a 13% rise. By 2007, the value jumped to Rs 570 per sq.ft, reflecting a 159% increase. The 2017 revision set the value at Rs 1,206 per sq.ft, a substantial 112% increase from 2007. In 2023, the value further increased to Rs 1,800 per sq.ft, a 49% rise from the previous revision. The latest revision in 2024 has set the value at Rs 1,980 per sq.ft, representing a 10% increase from 2023.

There is no figure available for the 2012 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 921%.

Guideline values in Pammal

Pammal village has 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, which means that the 2024 guideline value of Pillayar Koil Street /NagalKeni is below this median.

• Pillayar Koil Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Pillayar Koil Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Pilliyar Koil Street, Shankar Nagar: Rs 2,750 per sq.ft (2024)
• Pillayar Koil Cross Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 3rdStreet / Mungil Lake: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil Street /NagalKeni

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the 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 Street /NagalKeni?

The Sub Registrar Office that covers Pillayar Koil Street /NagalKeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street /NagalKeni?

The current guideline value of Pillayar Koil Street /NagalKeni is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 194 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 921% over this period.

What is the land classification of Pillayar Koil Street /NagalKeni?

Pillayar Koil Street /NagalKeni is classified as Residential Class II Type - II.

Where is the Pammal Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 1,78,200 in fees.