Guideline Value for Pillayar Koil 3rd Street

Pillayar Koil 3rd Street guideline value

The current guideline value of Pillayar Koil 3rd Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pillayar Koil 3rd Street has changed

The guideline value for Pillayar Koil 3rd Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 312 per sq.ft. This increased to Rs 810 per sq.ft in 2007, marking a significant rise of 160%. The following revision in 2017 set the value at Rs 1,474 per sq.ft, which was an increase of 82% from the previous figure. In 2023, the value rose to Rs 2,200 per sq.ft, reflecting a 49% increase. The latest revision in 2024 has set the value at Rs 2,420 per sq.ft, which is a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 676%.

Guideline values in Thiruneermalai

In Thiruneermalai village, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which is equal to the 2024 figure for Pillayar Koil 3rd Street.

• Pillayar Koil 3rd Cross Street: Rs 2,420 per sq.ft (2024)
• Pillayar Koil 2nd Street: Rs 2,420 per sq.ft (2024)
• Pillayar Koil 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Pillayar Koil 1st Street: Rs 2,420 per sq.ft (2024)
• Pillayar Koil Street: Rs 2,420 per sq.ft (2024)
• Pillayar Koil 1st Cross Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, together totaling Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillayar Koil 3rd Street?

The Sub Registrar Office that covers Pillayar Koil 3rd Street 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruneermalai. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, buyers should be aware that the guideline value can influence the overall cost of the transaction. It is advisable to check the latest guideline value before proceeding with any property transactions to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pillayar Koil 3rd Street?

The current guideline value of Pillayar Koil 3rd Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 312 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 676% over this period.

What are the stamp duty and registration fees for a property in Pillayar Koil 3rd Street?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles registrations for Pillayar Koil 3rd Street?

The Pammal Sub Registrar Office handles registrations for Pillayar Koil 3rd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Pillayar Koil 3rd Street?

The land classification for Pillayar Koil 3rd Street is Residential Class I Type - I.