Guideline Value

Corporate

Guideline Value for PILLAYAR KOIL ST, REDDYPALAYAM

₹950/sq.ft.

The guideline value for Pillayar Koil St, Reddypalayam in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹950 /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 Pillayar Koil St, Reddypalayam

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Pillayar Koil St, Reddypalayam guideline value

The current guideline value of Pillayar Koil St, Reddypalayam is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pillayar Koil St, Reddypalayam has changed

The guideline value for Pillayar Koil St has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in 2023, and then to Rs 950 per sq.ft in the 2024 revision, marking a 6% increase from the previous year. The register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, the guideline value from 2012 to 2024 has seen a modest increase of 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, placing Pillayar Koil St's 2024 figure below that median.

Stamp duty and registration fee for property in Pillayar Koil St, Reddypalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees to Rs 85,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillayar Koil St, Reddypalayam?

The Sub Registrar Office that covers Pillayar Koil St, Reddypalayam is the Avadi Sub Registrar Office. The address is 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 Paruthipattu

The guideline value is a crucial factor during the registration process when buying or selling property in Paruthipattu. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is in compliance with local regulations.

When a property is registered, the guideline value serves as a benchmark for calculating these fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Pillayar Koil St, Reddypalayam?

The current guideline value of Pillayar Koil St, Reddypalayam is Rs 950 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 to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Pillayar Koil St?

The land classification for Pillayar Koil St, Reddypalayam is Residential Class II Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 9,50,000, with stamp duty at Rs 66,500 and registration fees at Rs 19,000, totaling Rs 85,500.

Which office handles registrations for this area?

The Avadi Sub Registrar Office handles registrations for Pillayar Koil St, Reddypalayam, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.