Guideline Value for PILLAIAR KOIL STREET (RAJAJI NAGR)

Pillaiar Koil Street (Rajaji Nagr) guideline value

The current guideline value of Pillaiar Koil Street (Rajaji Nagr) is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pillaiar Koil Street (Rajaji Nagr) has changed

The guideline value for Pillaiar Koil Street has seen several revisions over the years. In 2012, the value was set at Rs 9,000 per sq.ft, which then decreased to Rs 6,030 per sq.ft in 2017. Following this, the value increased significantly to Rs 9,000 per sq.ft in 2023, and then further rose to Rs 9,900 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The changes between the revisions show a 49% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value is Rs 9,900 per sq.ft, which is equal to the 2024 figure for Pillaiar Koil Street.

• Pillaiyar Koil Street: Rs 9,900 per sq.ft (2024)
• Pilori Street: Rs 3,520 per sq.ft (2024)
• Police Line Qut: Rs 7,150 per sq.ft (2024)
• Periyar Nagar / Street: Rs 7,150 per sq.ft (2024)
• Periyar E.V.R Salai (Lakshmipuram): Rs 7,150 per sq.ft (2024)
• Pazhandiamman Koil Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiar Koil Street (Rajaji Nagr)

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, while the registration fee at 2% would be Rs 1,98,000. Together, these fees would total Rs 8,91,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiar Koil Street (Rajaji Nagr)?

The Sub Registrar Office that covers Pillaiar Koil Street (Rajaji Nagr) 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 Thiruvanmiyur

The guideline value is a crucial factor during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the official value set by the government.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. It is important for buyers and sellers to be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Pillaiar Koil Street?

The current guideline value of Pillaiar Koil Street (Rajaji Nagr) is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,000 per sq.ft in 2012 to Rs 6,030 per sq.ft in 2017, then increased to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,900 per sq.ft in 2024.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

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

The Sub Registrar Office covering Pillaiar Koil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to understand this value to ensure compliance with legal and financial obligations.