Guideline Value for Pilliayar Koil Cross Street

Pilliayar Koil Cross Street guideline value

The current guideline value of Pilliayar Koil Cross Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Pilliayar Koil Cross Street has changed

In the 2023 revision, the guideline value was Rs 8,000 per sq.ft. This represents an increase of 9% to the current 2024 value of Rs 8,700 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Looking at the revisions, the most recent change from 2023 to 2024 shows a clear upward movement in the guideline value. The previous figures highlight a steady increment, culminating in the current valuation.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Pilliayar Koil Cross Street is below this median.

• Play Ground View Street: Rs 14,300 per sq.ft (2024)
• Poes Garden: Rs 19,800 per sq.ft (2024)
• Poes Road: Rs 10,900 per sq.ft (2024)
• Poes Road 1st Street: Rs 10,900 per sq.ft (2024)
• Poes Road 2nd Street: Rs 10,900 per sq.ft (2024)
• Poes Road 3rd Street: Rs 10,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliayar Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, totaling Rs 7,83,000. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pilliayar Koil Cross Street?

The Pilliayar Koil Cross Street is covered by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in property transactions as it determines the minimum price at which a property can be sold or registered. When a buyer approaches the registration office, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

In Mylapore Part 2, the guideline value helps maintain transparency in property transactions. It serves as a benchmark for both buyers and sellers, providing a clear understanding of property valuations in the area.

Frequently asked questions

What is the current guideline value of Pilliayar Koil Cross Street?

The current guideline value of Pilliayar Koil Cross Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a 9% rise. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000, and the registration fee would be Rs 1,74,000, totaling Rs 7,83,000. Duty is charged on the higher of the guideline value and the sale price.

Which office handles the registration of properties in Pilliayar Koil Cross Street?

The registration of properties in Pilliayar Koil Cross Street is handled by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the significance of the guideline value in property transactions?

The guideline value serves as a minimum price for property transactions, ensuring that stamp duty and registration fees are calculated accurately. It provides a transparent benchmark for buyers and sellers in the real estate market.