Guideline Value for Pilliyar Koil Cross Street

Pilliyar Koil Cross Street guideline value

The current guideline value of Pilliyar Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Commercial Class I Type - I.

How the guideline value of Pilliyar Koil Cross Street has changed

The guideline value for Pilliyar Koil Cross Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012.

Between the 2017 and 2023 revisions, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has risen by 64%, reflecting the changes in the market conditions over these years.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, making the guideline value of Pilliyar Koil Cross Street above this median.

• Pilliyar Koil Street (15): Rs 2,200 per sq.ft (2024)
• Pilliyar Koil Street (8): Rs 2,200 per sq.ft (2024)
• Police Commisioner Colony: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,200 per sq.ft (2024)
• Perumal Street: Rs 1,100 per sq.ft (2024)
• Poonurangam Nagar: Rs 1,320 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pilliyar Koil Cross Street?

The Sub Registrar Office that covers Pilliyar Koil Cross 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 Pozhichalur

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official values set by the registration department.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This ensures transparency and consistency in property transactions, as the guideline value reflects the official valuation of the property based on various factors.

Frequently asked questions

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

The current guideline value of Pilliyar Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Pilliyar Koil Cross Street?

Pilliyar Koil Cross Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

The Sub Registrar Office for Pilliyar Koil Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000.