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Guideline Value

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Guideline Value for PILLAIYAR KOIL STREET (NEAR PONNIYAMMAN KOIL STREET/BHARATHI NAGAR)

₹2200/sq.ft.

The guideline value for Pillaiyar Koil Street (near Ponniyamman Koil Street/bharathi Nagar) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /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 Street (near Ponniyamman Koil Street/bharathi Nagar)

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Pillaiyar Koil Street (Near Ponniyamman Koil Street/Bharathi Nagar) guideline value

The current guideline value of Pillaiyar Koil Street (Near Ponniyamman Koil Street/Bharathi Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Pillaiyar Koil Street (Near Ponniyamman Koil Street/Bharathi Nagar) has changed

The guideline value of Pillaiyar Koil Street has undergone several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,340 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which is equal to the current value of Pillaiyar Koil Street.

Stamp duty and registration fee for property in Pillaiyar Koil Street (Near Ponniyamman Koil Street/Bharathi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total fees would be Rs 1,98,000. It is important to 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 details.

Which Sub Registrar Office covers Pillaiyar Koil Street (Near Ponniyamman Koil Street/Bharathi Nagar)?

The Sub Registrar Office that covers Pillaiyar Koil 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 further assistance.

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

The guideline value is a critical factor in the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street (Near Ponniyamman Koil Street/Bharathi Nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, which is a total increase of 64% over these years.

What are the other streets in Sholinganallur - 1 with similar guideline values?

Other streets in Sholinganallur - 1 with similar guideline values include Pilliyar Koil Steet (Akkarai), P.Nagar 1st Avenue, P.Nagar 1st Street, and P.Nagar & Streets, all valued at Rs 2,200 per sq.ft in 2024.

What is the registration fee for a property in Pillaiyar Koil Street?

The registration fee for a property in Pillaiyar Koil Street is calculated based on the guideline value. For example, for a 1,000 sq.ft plot valued at Rs 22,00,000, the registration fee would be Rs 44,000 at 2%.

Which office handles property registrations for Pillaiyar Koil Street?

The Neelankarai Sub Registrar Office handles property registrations for Pillaiyar Koil Street. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.