Guideline Value for Pilliyar Koil Street

Pilliyar Koil Street guideline value

The current guideline value of Pilliyar Koil Street is Rs 3,300 per sq.ft. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Pilliyar Koil Street has changed

The guideline value for Pilliyar Koil Street has seen significant changes over the years. In the 2007 revision, the value was set at Rs 500 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a rise of 500%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value rebounded to Rs 3,000 per sq.ft in the 2023 revision, and further increased to the current rate of Rs 3,300 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. Pilliyar Koil Street's 2024 figure of Rs 3,300 per sq.ft is above this median.

• Ponds Colony: Rs 2,200 per sq.ft (2024)
• Ponnan Nagar: Rs 3,300 per sq.ft (2024)
• Ponnan Street: Rs 1,650 per sq.ft (2024)
• Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Periyar Nagar (Cross Street): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 precise calculations.

Which Sub Registrar Office covers Pilliyar Koil Street?

The Sub Registrar Office that covers Pilliyar Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Irumpuliyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street?

The current guideline value of Pilliyar Koil Street is Rs 3,300 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What are the stamp duty and registration fees for property in Pilliyar Koil Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office is responsible for Pilliyar Koil Street?

The Tambaram Joint 1 Sub Registrar Office is responsible for Pilliyar Koil Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Pilliyar Koil Street?

The land classification for Pilliyar Koil Street is Residential Special Type - III.