Guideline Value for Pilliyar Koil Street

Pilliyar Koil Street guideline value

The current guideline value of Pilliyar Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Baraniputjur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Pilliyar Koil Street has changed

The guideline value for Pilliyar Koil Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,100 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 737 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 1,100 per sq.ft. The latest revision in 2024 has increased the guideline value to Rs 1,210 per sq.ft, which represents a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median guideline value is Rs 1,210 per sq.ft, which is equal to the 2024 figure for Pilliyar Koil Street.

• Poonamallee High Road: Rs 1,450 per sq.ft (2024)
• Perumal Koil Street: Rs 1,210 per sq.ft (2024)
• Nova Nagar Annuxe: Rs 1,210 per sq.ft (2024)
• Nova Nagar: Rs 1,210 per sq.ft (2024)
• Ramya Nagar: Rs 700 per sq.ft (2024)
• Sammandham Nagar: Rs 820 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pilliyar Koil Street?

Pilliyar Koil Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an important factor in property transactions in Baraniputjur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the sale price reflects the value set by the Registration Department. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street?

The current guideline value of Pilliyar Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024, an increase of 10%. It was Rs 737 per sq.ft in 2017 and Rs 1,100 per sq.ft in 2012.

What is the land classification for Pilliyar Koil Street?

The land classification for Pilliyar Koil Street is Residential Special Type - II, indicating its intended use for residential purposes.

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

The Kunrathur Sub Registrar Office covers Pilliyar Koil Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Baraniputjur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 at a rate of 7%.