Guideline Value for Pilliyar Koil Street, Shankar Nagar

Pilliyar Koil Street, Shankar Nagar guideline value

The current guideline value of Pilliyar Koil Street, Shankar Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Pilliyar Koil Street, Shankar Nagar has changed

The guideline value for Pilliyar Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets listed under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Pilliyar Koil Street's 2024 value above this median.

• Pillayar Koil Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Pillayar Koil Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Pillayar Koil Street /NagalKeni: Rs 1,980 per sq.ft (2024)
• Pillayar Koil Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil Cross Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 3rdStreet / Mungil Lake: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil Street, Shankar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 Koil Street, Shankar Nagar?

The Sub Registrar Office covering Pilliyar Koil Street, Shankar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street, Shankar Nagar?

The current guideline value of Pilliyar Koil Street, Shankar Nagar is Rs 2,750 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 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 64% over these years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is below the current value of Pilliyar Koil Street.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.