Guideline Value for Pilliyar Koil Street

Pilliyar Koil Street guideline value

The current guideline value of Pilliyar Koil Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Veeraragavapuram village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Pilliyar Koil Street has changed

The guideline value for Pilliyar Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 250 per sq.ft. This value increased significantly to Rs 900 per sq.ft in 2012, marking a change of +260%. However, by 2017, the value decreased to Rs 603 per sq.ft, a drop of -33%. The value then rose again to Rs 900 per sq.ft in 2023, before reaching the current figure of Rs 990 per sq.ft in 2024, reflecting a +10% increase.

From 2017 to 2023, the guideline value increased by +49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of +296%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Veeraragavapuram

In Veeraragavapuram, there are 10 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 2,790 per sq.ft. The median value among these streets is Rs 990 per sq.ft, which is equal to the guideline value of Pilliyar Koil Street.

• Park street: Rs 770 per sq.ft (2024)
• Sri Gayathri Co-Operative Mega Nagar: Rs 990 per sq.ft (2024)
• Swagatham Nagar: Rs 990 per sq.ft (2024)
• Vibha: Rs 2,790 per sq.ft (2024)
• Bharathi Nagar: Rs 990 per sq.ft (2024)
• Avadi Main Road: Rs 1,320 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 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. 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 details on fees applicable to your property.

Which Sub Registrar Office covers Pilliyar Koil Street?

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

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

The guideline value plays a crucial role during the registration of property transactions in Veeraragavapuram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly influences the costs associated with registration. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Street?

The current guideline value of Pilliyar Koil Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 250 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreasing to Rs 603 per sq.ft in 2017, and rising to Rs 900 per sq.ft in 2023 before reaching Rs 990 per sq.ft in 2024.

What is the registration office for Pilliyar Koil Street?

The registration office for Pilliyar Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What fees are associated with buying property on Pilliyar Koil Street?

When purchasing property on Pilliyar Koil Street, buyers should consider the stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the guideline values for other streets in Veeraragavapuram?

The guideline values for other streets in Veeraragavapuram can be found on the respective pages linked to their names, providing detailed information about their current rates.