Guideline Value

Corporate

Guideline Value for PILLAIYAR ST (M.T.H.ROAD SOUTHERN SIDE)

₹988/sq.ft.

The guideline value for Pillaiyar St (m.t.h.road Southern Side) in Thandurai village (Avadi SRO, Chennai zone) is Rs 988 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 Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹988 /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 ₹900 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 St (m.t.h.road Southern Side)

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Pillaiyar St (M.T.H.Road Southern Side) guideline value

The current guideline value of Pillaiyar St (M.T.H.Road Southern Side) is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pillaiyar St (M.T.H.Road Southern Side) has changed

The guideline value for Pillaiyar St has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. Following this, there was a significant increase to Rs 900 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 988 per sq.ft. The changes between these revisions include a decrease of 33% from 2012 to 2017, a substantial increase of 49% from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai, there are a total of 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, which is equal to the current value of Pillaiyar St (M.T.H.Road Southern Side).

Stamp duty and registration fee for property in Pillaiyar St (M.T.H.Road Southern Side)

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty is calculated at 7%, which totals Rs 69,160, and the registration fee is 2%, amounting to Rs 19,760. Therefore, the total cost for stamp duty and registration fee together is Rs 88,920. It is important to note that 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 St (M.T.H.Road Southern Side)?

The Sub Registrar Office that covers Pillaiyar St (M.T.H.Road Southern Side) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thandurai. It is used to determine the minimum value at which a property can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

When a buyer approaches the registration office, the guideline value will be verified against the sale price of the property. If the sale price is lower than the guideline value, the buyer will be required to pay stamp duty based on the guideline value, ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of Pillaiyar St (M.T.H.Road Southern Side)?

The current guideline value of Pillaiyar St (M.T.H.Road Southern Side) is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Pillaiyar St (M.T.H.Road Southern Side) is Residential Class II Type - I.

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

The Avadi Sub Registrar Office covers Pillaiyar St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,88,000, the stamp duty at 7% would be Rs 69,160.