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Guideline Value

Corporate

Guideline Value for GANDHI NAGAR PILLIYAR KOIL STREET

₹3030/sq.ft.

The guideline value for Gandhi Nagar Pilliyar Koil Street in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 3030 per sq.ft, effective 1 July 2024. It was Rs 2750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3030 /sq.ft.
From 1-4-2023 ₹2750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1842 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2750 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gandhi Nagar Pilliyar Koil Street

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Gandhi Nagar Pilliyar Koil Street guideline value

The current guideline value of Gandhi Nagar Pilliyar Koil Street is Rs 3,030 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gandhi Nagar Pilliyar Koil Street has changed

The guideline value for Gandhi Nagar Pilliyar Koil Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,030 per sq.ft, which is a 10% increase from Rs 2,750 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 1,842 per sq.ft, marking a significant increase of 49% from the previous figure in 2023.

In earlier revisions, the 2012 guideline value was Rs 2,750 per sq.ft, which was a decrease of 33% from the 2017 figure. The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value across these streets is Rs 1,930 per sq.ft, placing Gandhi Nagar Pilliyar Koil Street's 2024 figure above this median.

Stamp duty and registration fee for property in Gandhi Nagar Pilliyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,030 per sq.ft, the total guideline value amounts to Rs 30,30,000. The stamp duty at 7% would be Rs 2,12,100, and the registration fee at 2% would be Rs 60,600, bringing the total to Rs 2,72,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar Pilliyar Koil Street?

The Sub Registrar Office that covers Gandhi Nagar Pilliyar Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Karambakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair value in the official register.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that these fees are based on either the guideline value or the sale price, whichever is higher, thereby maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Pilliyar Koil Street?

The current guideline value of Gandhi Nagar Pilliyar Koil Street is Rs 3,030 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,750 per sq.ft in 2023 to Rs 3,030 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,842 per sq.ft in 2017, showing a 49% increase from the previous revision.

What is the land classification of Gandhi Nagar Pilliyar Koil Street?

Gandhi Nagar Pilliyar Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 2,72,700 in fees.

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

The Sub Registrar Office for Gandhi Nagar Pilliyar Koil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more details online.