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Guideline Value

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Guideline Value for Officer Colony Pillaiyar Koil Street

₹4950/sq.ft.

The guideline value for Officer Colony Pillaiyar Koil Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Officer Colony Pillaiyar Koil Street

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Officer Colony Pillaiyar Koil Street guideline value

The current guideline value of Officer Colony Pillaiyar Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Officer Colony Pillaiyar Koil Street has changed

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft. This decreased to Rs 3,015 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,500 per sq.ft, which is a rise of 49%. The latest revision in 2024 has set the value at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 concerning this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, making the 2024 figure for Officer Colony Pillaiyar Koil Street above the median.

Stamp duty and registration fee for property in Officer Colony Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 49,50,000. The stamp duty at 7% amounts to Rs 3,46,500, and the registration fee at 2% is Rs 99,000, totaling Rs 4,45,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Officer Colony Pillaiyar Koil Street?

The Sub Registrar Office that covers Officer Colony Pillaiyar 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 Porur

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value helps ensure that the correct fees are applied, based on either the sale price or the guideline value, whichever is higher. This process is essential for maintaining transparency and compliance in real estate transactions.

Frequently asked questions

What is the current guideline value of Officer Colony Pillaiyar Koil Street?

The current guideline value of Officer Colony Pillaiyar Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 4,500 per sq.ft in 2012, decreasing to Rs 3,015 per sq.ft in 2017, and then increasing to Rs 4,500 per sq.ft in 2023. The most recent revision in 2024 set it at Rs 4,950 per sq.ft.

What is the median guideline value for streets in Porur?

The median guideline value for streets in Porur is Rs 3,960 per sq.ft, with Officer Colony Pillaiyar Koil Street's 2024 figure being above this median.

Where can I find the registration office for Officer Colony Pillaiyar Koil Street?

The registration office for Officer Colony Pillaiyar 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 Officer Colony Pillaiyar Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can amount to Rs 4,45,500.