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Guideline Value

Corporate

Guideline Value for PILLAIYAR KOIL 1st STREET(NEAR ANNAI THERESA ROAD)

₹2800/sq.ft.

The guideline value for Pillaiyar Koil 1st Street(near Annai Theresa Road) in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /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)

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(near Annai Theresa Road)

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PILLAIYAR KOIL 1st STREET(NEAR ANNAI THERESA ROAD) guideline value

The current guideline value of PILLAIYAR KOIL 1st STREET(NEAR ANNAI THERESA ROAD) is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of PILLAIAR KOIL 1st STREET(NEAR ANNAI THERESA ROAD) has changed

The guideline value for PILLAIYAR KOIL 1st STREET has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft by 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision brought it back up to Rs 2,500 per sq.ft, and the latest revision in 2024 set it at Rs 2,800 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the value increased by 49%, while from 2023 to 2024, it rose by 12%. The jump from 2007 to 2012 was a remarkable 400%, but the value then decreased by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 460%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing PILLAIYAR KOIL 1st STREET above the median with its current value of Rs 2,800 per sq.ft.

Stamp duty and registration fee for property in PILLAIYAR KOIL 1st STREET(NEAR ANNAI THERESA ROAD)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total 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, bringing the total fees to Rs 2,52,000. It is important to note that the 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 PILLAIYAR KOIL 1st STREET(NEAR ANNAI THERESA ROAD)?

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 Enjambakkam

The guideline value is a crucial factor when registering property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay. This ensures that the government collects the appropriate taxes based on the property's assessed value.

When a buyer purchases a property, the registration office will use the guideline value to calculate the applicable fees. This means that even if the sale price is lower than the guideline value, the fees will still be based on the guideline value, ensuring that the government receives the correct amount for the transaction.

Frequently asked questions

What is the current guideline value of PILLAIYAR KOIL 1st STREET?

The current guideline value of PILLAIYAR KOIL 1st STREET(NEAR ANNAI THERESA ROAD) is Rs 2,800 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 2,800 per sq.ft in 2024, reflecting an overall increase of 460% over the years.

What is the land classification for PILLAIYAR KOIL 1st STREET?

PILLAIYAR KOIL 1st STREET is classified as Residential Class II Type - I according to the guidelines.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for this street?

The Neelankarai Sub Registrar Office handles registrations for PILLAIYAR KOIL 1st STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.