Guideline Value for Pilliyar Koil st. (Kannada palayam)

Pilliyar Koil st. (Kannada palayam) guideline value

The current guideline value of Pilliyar Koil st. (Kannada palayam) is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Pilliyar Koil st. (Kannada palayam) has changed

Over the years, the guideline value of Pilliyar Koil st. (Kannada palayam) has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. Following this, the value jumped to Rs 807 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 141% from 2017 to 2023. The guideline value has increased by 61% overall from 2012 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The 2023 to 2024 revision shows no change, maintaining the guideline value at Rs 807 per sq.ft.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Pilliyar Koil st. (Kannada palayam) below this median.

• Pilliyar Chothry Street (Kannada Paalayam): Rs 807 per sq.ft (2024)
• Platinum City: Rs 2,900 per sq.ft (2024)
• Pompozhil Nagar Ananthavinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Pompozhil Nager Alli Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Anna Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Bhavani Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pilliyar Koil st. (Kannada palayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value amounts to Rs 8,07,000. The stamp duty at 7% would be Rs 56,490, and the registration fee at 2% would be Rs 16,140, bringing the total fees to Rs 72,630. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pilliyar Koil st. (Kannada palayam)?

The Sub Registrar Office that covers Pilliyar Koil st. (Kannada palayam) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kovilpathagai. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers should be aware that the guideline value will influence the overall costs involved in the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, will be considered for calculating the applicable fees. This ensures that the registration process is based on an accurate valuation of the property.

Frequently asked questions

What is the current guideline value of Pilliyar Koil st. (Kannada palayam)?

The current guideline value of Pilliyar Koil st. (Kannada palayam) is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, and then it increased to Rs 807 per sq.ft in both 2023 and 2024.

What is the land classification of Pilliyar Koil st. (Kannada palayam)?

Pilliyar Koil st. (Kannada palayam) is classified as Residential Class III Type - II.

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

For a property valued at Rs 8,07,000, the stamp duty would be Rs 56,490 and the registration fee would be Rs 16,140, totaling Rs 72,630.

Which office handles the registration for Pilliyar Koil st. (Kannada palayam)?

The Ambattur Sub Registrar Office handles the registration for Pilliyar Koil st. (Kannada palayam). The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.