Guideline Value for Pilliyar koil Street

Pilliyar koil Street guideline value

The current guideline value of Pilliyar koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Malayambakkam village, under the Kunrathur SRO, and is classified as Residential Class I 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 2007, the value was Rs 250 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a 140% rise. However, it saw a decrease to Rs 402 per sq.ft in 2017, which was a 33% drop. The value then significantly increased to Rs 800 per sq.ft in 2023, showing a 99% growth, and finally rose to Rs 880 per sq.ft in 2024, reflecting a 10% increase.

It is important to note that the register has no figure for Pilliyar koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 252%.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft, with a median value of Rs 935 per sq.ft. Pilliyar koil Street's 2024 guideline value is below this median.

• Pattammal Nagar: Rs 2,200 per sq.ft (2024)
• Rahamath Nagar: Rs 880 per sq.ft (2024)
• Pari Garden: Rs 935 per sq.ft (2024)
• Paradise: Rs 2,310 per sq.ft (2024)
• Papa City: Rs 800 per sq.ft (2024)
• Palla Street: Rs 880 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 rate, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. 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 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 Malayambakkam

The guideline value plays a crucial role in the registration of property transactions in Malayambakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

During the registration process, buyers and sellers must be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the stamp duty will be based on the sale price instead.

Frequently asked questions

What is the current guideline value of Pilliyar koil Street?

The current guideline value of Pilliyar koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 252% over the years.

What is the land classification for Pilliyar koil Street?

Pilliyar koil Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find 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.

How is stamp duty calculated for properties in Pilliyar koil Street?

Stamp duty for properties in Pilliyar koil Street is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty and registration fee of Rs 79,200.