Guideline Value for Yerikarai Pillayar Koil Street

Yerikarai Pillayar Koil Street guideline value

The current guideline value of Yerikarai Pillayar Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal SRO and is classified as Residential Class III Type - I.

How the guideline value of Yerikarai Pillayar Koil Street has changed

The guideline value for Yerikarai Pillayar Koil Street has seen significant changes over the years. In the 2003 revision, the value was Rs 312 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a 12% rise. The value then jumped to Rs 804 per sq.ft in the 2017 revision, reflecting a substantial 130% increase. By the 2023 revision, the guideline value reached Rs 1,200 per sq.ft, which was a 49% increase from the previous revision. The current 2024 revision sees the value at Rs 1,320 per sq.ft, representing a 10% increase from 2023. The register has no figures for the years 2002 and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. Yerikarai Pillayar Koil Street's 2024 figure is below this median.

• Yerikarai Pillayar Koil Street (Ward 13): Rs 1,320 per sq.ft (2024)
• Yerikarai Street: Rs 1,320 per sq.ft (2024)
• West Kulakarai Street: Rs 1,320 per sq.ft (2024)
• VOC Street / Durga Nagar: Rs 2,420 per sq.ft (2024)
• Vinoba Street: Rs 2,420 per sq.ft (2024)
• Vikshadha Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Yerikarai Pillayar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the 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 Yerikarai Pillayar Koil Street?

The Sub Registrar Office that covers Yerikarai Pillayar Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Thiruneermalai, the guideline value is a crucial factor as it determines the stamp duty and registration fees applicable to the transaction. The guideline value is set by the government and is periodically revised to reflect changes in the real estate market.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. The guideline value also serves as a reference point for assessing property transactions in the area.

Frequently asked questions

What is the current guideline value of Yerikarai Pillayar Koil Street?

The current guideline value of Yerikarai Pillayar Koil Street is Rs 1,320 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 312 per sq.ft in 2003 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 323% over the years.

What is the land classification for Yerikarai Pillayar Koil Street?

Yerikarai Pillayar Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Yerikarai Pillayar Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Thiruneermalai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.