Guideline Value for Pillayar Koil Street

Pillayar Koil Street guideline value

The current guideline value of Pillayar Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pillayar Koil Street has changed

The guideline value for Pillayar Koil Street has seen significant changes over the years. In 2002, the value was Rs 274 per sq.ft, which increased to Rs 216 per sq.ft in 2003, marking a decrease of 21%. The value then rose to Rs 300 per sq.ft in 2007, followed by a substantial increase to Rs 1,072 per sq.ft in 2017, reflecting a 257% rise. The 2023 revision saw the value increase to Rs 1,600 per sq.ft, which was a 49% increase from the previous revision.

As of the 2024 revision, the current guideline value is Rs 1,760 per sq.ft, representing a 10% increase from the 2023 figure. It is important to note that there is no figure available for the 2012 revision for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Pillayar Koil Street's 2024 figure below this median.

• Pillayar Koil Street (Balaji Nagar): 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost for these fees Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Pillayar Koil Street?

The Sub Registrar Office that covers Pillayar Koil 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 information.

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 property registration.

When a property is sold, the buyer must ensure that the transaction is registered at the appropriate Sub Registrar Office, where the guideline value will be referenced to calculate the applicable fees. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street?

The current guideline value of Pillayar Koil Street is Rs 1,760 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 274 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, showing an overall increase of 542% from 2002 to 2024.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 1,58,400.

Which office handles property registrations for Pillayar Koil Street?

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

What is the land classification for Pillayar Koil Street?

Pillayar Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.