Guideline Value for Pilliyar Koil Ist Lane

Pilliyar Koil Ist Lane guideline value

The current guideline value of Pilliyar Koil Ist Lane is Rs 1,760 per sq.ft. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Pilliyar Koil Ist Lane has changed

The guideline value for Pilliyar Koil Ist Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, an increase from Rs 1,600 per sq.ft in 2023, reflecting a change of 10%. Prior to that, the 2017 revision recorded a value of Rs 1,072 per sq.ft, marking a significant increase of 49% to 2023. The overall change from 2017 to 2024 is 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions available are from 2017, 2023, and 2024.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Pilliyar Koil Ist Lane's value below this median.

• Pillayar Koil Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Pillayar Koil Street: 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 Pilliyar Koil Ist Lane

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, bringing the total fees together to Rs 1,58,400. It is important to note that 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 Koil Ist Lane?

The Sub Registrar Office that covers Pilliyar Koil Ist Lane 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 during the registration of property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Ist Lane?

The current guideline value of Pilliyar Koil Ist Lane is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 17,60,000, the total fees would be Rs 1,58,400.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Pilliyar Koil Ist Lane, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Pilliyar Koil Ist Lane?

Pilliyar Koil Ist Lane is classified as Residential Class II Type - I, indicating its use for residential purposes.