Guideline Value for Pilliyar Koil street

Pilliyar Koil street guideline value

The current guideline value of Pilliyar Koil street in Satthankadu village, under the Thiruvottiyur SRO, is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - III.

How the guideline value of Pilliyar Koil street has changed

The guideline value for Pilliyar Koil street has seen several revisions over the years. In 2002, the value was Rs 242 per sq.ft, which increased to Rs 281 per sq.ft in 2003, marking a change of +16%. The value continued to rise, reaching Rs 500 per sq.ft in 2007, a significant increase of +78%. However, from 2007 to 2012, the value decreased to Rs 3,100 per sq.ft, a drop of -33%. In 2017, the value was Rs 2,077 per sq.ft, and it then increased to Rs 3,100 per sq.ft in 2023, reflecting a rise of +49%.

The most recent revision in 2024 set the guideline value at Rs 3,400 per sq.ft, representing a +10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +1305%. There are no figures available for the years not listed in the register for this street.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,400 per sq.ft, which is equal to the current guideline value of Pilliyar Koil street.

• Perumal koil street: Rs 3,400 per sq.ft (2024)
• Periyamettu palayam Streets/Road: Rs 3,400 per sq.ft (2024)
• Padmanabhan colony: Rs 3,400 per sq.ft (2024)
• Ottravadai Street: Rs 3,400 per sq.ft (2024)
• Rajiv Nagar: Rs 3,400 per sq.ft (2024)
• North PRAGARAM Street: Rs 3,400 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 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. Please 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.

Which Sub Registrar Office covers Pilliyar Koil street?

The Sub Registrar Office that covers Pilliyar Koil street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential reference for property transactions in Satthankadu. It is used to determine the stamp duty and registration fees when a property is bought or sold. The guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When buying or selling property, it is crucial to be aware of the current guideline value, as it may affect the overall costs involved in the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any discrepancies 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 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 242 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of +1305% over the years.

What is the land classification for Pilliyar Koil street?

Pilliyar Koil street is classified as Residential Special Type - III under the guideline value register.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Pilliyar Koil street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 at a rate of 7%.