Guideline Value for Pillayar Koil Street (Balaji Nagar)

Pillayar Koil Street (Balaji Nagar) guideline value

The current guideline value of Pillayar Koil Street (Balaji Nagar) is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Pillayar Koil Street (Balaji Nagar) has changed

The guideline value for Pillayar Koil Street has undergone several revisions over the years. In 2003, the guideline value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. By 2017, it saw a significant rise to Rs 1,407 per sq.ft, marking a 369% increase from the previous revision. The value continued to rise, reaching Rs 2,099 per sq.ft in 2023, which is a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, reflecting a 12% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 988%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Pillayar Koil Street's 2024 guideline value of Rs 2,350 per sq.ft is above this median.

• Pillayar Koil Street: Rs 2,350 per sq.ft (2024)
• Pilliyar Koil Ist Lane: Rs 1,760 per sq.ft (2024)
• Pommai Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Pommai Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Pettai Street Lane: Rs 1,760 per sq.ft (2024)
• Pettai Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil Street (Balaji Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total additional costs to Rs 2,11,500. 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 Street (Balaji Nagar)?

The Sub Registrar Office covering Pillayar Koil Street (Balaji 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 online.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value is set by the government and can vary based on the location and type of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street?

The current guideline value of Pillayar Koil Street (Balaji Nagar) is Rs 2,350 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 216 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 988% over this period.

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

For a 1,000 sq.ft plot at the current guideline value, the total costs would include a stamp duty of Rs 1,64,500 and a registration fee of Rs 47,000, totaling Rs 2,11,500.

Which office handles registrations for Pillayar Koil Street?

The Pammal Sub Registrar Office handles registrations for Pillayar Koil Street (Balaji Nagar), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Pillayar Koil Street?

Pillayar Koil Street (Balaji Nagar) falls under the Residential Class III Type - I land classification, indicating its designated use for residential purposes.