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Guideline Value

Corporate

Guideline Value for Ottai Pillaiyar Koil Street

₹2750/sq.ft.

The guideline value for Ottai Pillaiyar Koil Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Ottai Pillaiyar Koil Street

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Ottai Pillaiyar Koil Street guideline value

The current guideline value of Ottai Pillaiyar Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Ottai Pillaiyar Koil Street has changed

Over the years, the guideline value of Ottai Pillaiyar Koil Street has seen significant changes. The 2007 revision recorded a value of Rs 500 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 400%. However, this value then decreased by 33% to Rs 1,675 per sq.ft in 2017. The subsequent revision in 2023 saw the value rise again to Rs 2,500 per sq.ft, followed by a 10% increase to the current rate of Rs 2,750 per sq.ft in 2024.

It is important to note that there are no registered figures for this street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Ottai Pillaiyar Koil Street's 2024 figure below this median.

Stamp duty and registration fee for property in Ottai Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 Ottai Pillaiyar Koil Street?

The Sub Registrar Office that covers Ottai Pillaiyar Koil Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Virugambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers should ensure that they are informed of the latest guideline values to avoid any unexpected costs.

Frequently asked questions

What is the current guideline value of Ottai Pillaiyar Koil Street?

The current guideline value of Ottai Pillaiyar Koil Street is Rs 2,750 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 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 450%.

What is the median guideline value in Virugambakkam?

The median guideline value for streets in Virugambakkam is Rs 4,400 per sq.ft, which is higher than the current value of Ottai Pillaiyar Koil Street.

What are the stamp duty and registration fees for property in Ottai Pillaiyar Koil Street?

The stamp duty for a property valued at Rs 27,50,000 would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Ottai Pillaiyar Koil Street?

The Virugambakkam Sub Registrar Office covers Ottai Pillaiyar Koil Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.