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Guideline Value

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Guideline Value for PERIYAR NAGAR EXTENSION, PILLAIYAR KOIL STREET

₹990/sq.ft.

The guideline value for Periyar Nagar Extension, Pillaiyar Koil Street in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Periyar Nagar Extension, Pillaiyar Koil Street

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Periyar Nagar Extension, Pillaiyar Koil Street guideline value

The current guideline value for Periyar Nagar Extension, Pillaiyar Koil Street is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Nandambakkam village and falls under the Padappai SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Periyar Nagar Extension, Pillaiyar Koil Street has changed

The guideline value for Periyar Nagar Extension, Pillaiyar Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The most recent 2024 revision has further increased this to Rs 990 per sq.ft, marking a significant change of 64% from 2017 to 2024.

Notably, the increase from the 2023 to 2024 revision was 10%, while the jump from 2017 to 2023 was 49%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Nandambakkam

Nandambakkam village has a total of 94 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Periyar Nagar Extension, Pillaiyar Koil Street above this median.

Stamp duty and registration fee for property in Periyar Nagar Extension, Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, together totaling Rs 89,100. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Nagar Extension, Pillaiyar Koil Street?

The Sub Registrar Office covering Periyar Nagar Extension, Pillaiyar Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Nandambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions while providing a clear framework for buyers and sellers.

Frequently asked questions

What is the current guideline value of Periyar Nagar Extension, Pillaiyar Koil Street?

The current guideline value of Periyar Nagar Extension, Pillaiyar Koil Street is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 603 per sq.ft to Rs 990 per sq.ft in 2024.

What is the registration office for this area?

The registration office for Periyar Nagar Extension, Pillaiyar Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Periyar Nagar Extension is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Are there other streets with similar guideline values in Nandambakkam?

Yes, there are several other streets in Nandambakkam with similar guideline values. For instance, Periyar Nagar and Pari Nagar both have a guideline value of Rs 990 per sq.ft in 2024.