Guideline Value

Corporate

Guideline Value for PILLAIYAR KOIL 1ST STREET

₹2800/sq.ft.

The guideline value for Pillaiyar Koil 1st Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Pillaiyar Koil 1st Street

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Pillaiyar Koil 1st Street guideline value

The current guideline value of Pillaiyar Koil 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Pillaiyar Koil 1st Street has changed

The guideline value for Pillaiyar Koil 1st Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,675 per sq.ft, which reflects a substantial increase to Rs 2,800 per sq.ft in the 2024 revision, marking a change of +67%. The register has no figure for the years 2023, 2012, 2007, 2003, and 2002 for this street.

With the 2024 revision, the guideline value of Rs 2,800 per sq.ft places it above the median guideline value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO. This increase from 2017 to 2024 indicates a notable adjustment in the valuation of properties in this area.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with the median value being Rs 2,200 per sq.ft. Pillaiyar Koil 1st Street's current guideline value of Rs 2,800 per sq.ft is above this median, indicating a competitive valuation in the locality.

Stamp duty and registration fee for property in Pillaiyar Koil 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pillaiyar Koil 1st Street?

The Sub Registrar Office that covers Pillaiyar Koil 1st Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions in Sholinganallur - 1, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 1st Street?

The current guideline value of Pillaiyar Koil 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,675 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, representing a change of +67%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Pillaiyar Koil 1st Street?

Pillaiyar Koil 1st Street is classified as Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the registration office for Pillaiyar Koil 1st Street?

The registration office for Pillaiyar Koil 1st Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Pillaiyar Koil 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at 7%.