Guideline Value for Pilliyar Chothry Street (Kannada Paalayam)

Pilliyar Chothry Street (Kannada Paalayam) guideline value

The current guideline value of Pilliyar Chothry Street (Kannada Paalayam) is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Pilliyar Chothry Street (Kannada Paalayam) has changed

The guideline value for Pilliyar Chothry Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 807 per sq.ft, marking a 141% rise. The 2023 revision maintained the same value of Rs 807 per sq.ft as the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 61%.

Guideline values in Kovilpathagai

In Kovilpathagai village, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, placing Pilliyar Chothry Street's 2024 figure below that median.

• Pilliyar Koil st. (Kannada palayam): Rs 807 per sq.ft (2024)
• Platinum City: Rs 2,900 per sq.ft (2024)
• Pompozhil Nagar Ananthavinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Pompozhil Nager Alli Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Anna Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Bhavani Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Chothry Street (Kannada Paalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value amounts to Rs 8,07,000. The stamp duty at 7% would be Rs 56,490, and the registration fee at 2% would be Rs 16,140, bringing the total fees together to Rs 72,630. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pilliyar Chothry Street (Kannada Paalayam)?

The Sub Registrar Office that covers Pilliyar Chothry Street (Kannada Paalayam) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or purchased, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Pilliyar Chothry Street (Kannada Paalayam)?

The current guideline value of Pilliyar Chothry Street (Kannada Paalayam) is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then rose to Rs 807 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Pilliyar Chothry Street?

Pilliyar Chothry Street is classified as Residential Class III Type - II. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 72,630.

Where can I find the Sub Registrar Office for Pilliyar Chothry Street?

The Ambattur Sub Registrar Office covers Pilliyar Chothry Street and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.