Guideline Value for Pillayar Koil Street

Pillayar Koil Street guideline value

The current guideline value of Pillayar Koil Street in Kadaperi village, under the Tambaram Joint 1 SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Pillayar Koil Street has changed

Over the years, the guideline value for Pillayar Koil Street has seen significant changes. The earliest recorded revision is from 2007, where the guideline value was Rs 400 per sq.ft. This increased dramatically to Rs 1,200 per sq.ft in 2012, marking a 200% rise. However, it decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, followed by a further increase to the current rate of Rs 1,320 per sq.ft in 2024, representing a 10% rise.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 230%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Pillayar Koil Street's current value below this median.

• Power Station Road: Rs 1,650 per sq.ft (2024)
• Pulikoradu Street: Rs 1,320 per sq.ft (2024)
• Rail 1st Cross Street: Rs 1,320 per sq.ft (2024)
• Rail 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Rail 3rd Cross Street: Rs 1,320 per sq.ft (2024)
• Rail 4th Cross Street: Rs 1,320 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, is Rs 92,400, while the registration fee at 2% is Rs 26,400. Therefore, the total cost for stamp duty and registration fee together is Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pillayar Koil Street?

Pillayar Koil Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value plays a crucial role in property transactions in Kadaperi. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it can significantly impact the overall cost of the transaction. Ensuring that you have the correct information can help avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street?

The current guideline value of Pillayar Koil Street is Rs 1,320 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 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 230%.

Which Sub Registrar Office covers Pillayar Koil Street?

Pillayar Koil Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

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

For a 1,000 sq.ft property, the total guideline value is Rs 13,20,000. The stamp duty at 7% is Rs 92,400, and the registration fee at 2% is Rs 26,400, totaling Rs 1,18,800.

What is the land classification for Pillayar Koil Street?

Pillayar Koil Street falls under the Residential Class I Type - III land classification.