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Guideline Value

Corporate

Guideline Value for PILLIYAR KOIL STEET (AKKARAI)

₹2200/sq.ft.

The guideline value for Pilliyar Koil Steet (akkarai) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. 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 N/A
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 Pilliyar Koil Steet (akkarai)

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Pilliyar Koil Steet (Akkarai) guideline value

The current guideline value of Pilliyar Koil Steet (Akkarai) 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, classified as Residential Class II Type - III.

How the guideline value of Pilliyar Koil Steet (Akkarai) has changed

Over the years, the guideline value of Pilliyar Koil Steet (Akkarai) has seen significant changes. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2023. However, in the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of 64% from the previous figure.

The 2024 guideline value of Rs 2,200 per sq.ft aligns with the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO. The only other revision figures available for this street are from 2017 and 2024, demonstrating a clear upward trend in the guideline value.

Guideline values in Sholinganallur - 1

The Sholinganallur - 1 village features a variety of guideline values, ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Pilliyar Koil Steet (Akkarai) has a 2024 figure that matches this median. Below are some of the other streets in Sholinganallur - 1:

Stamp duty and registration fee for property in Pilliyar Koil Steet (Akkarai)

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, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pilliyar Koil Steet (Akkarai)?

The Pilliyar Koil Steet (Akkarai) falls under 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 details.

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 when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency and fairness in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Pilliyar Koil Steet (Akkarai)?

The current guideline value of Pilliyar Koil Steet (Akkarai) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a 64% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2023.

What is the land classification of Pilliyar Koil Steet (Akkarai)?

Pilliyar Koil Steet (Akkarai) is classified as Residential Class II Type - III. This classification indicates the type of development allowed in the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find more details through the provided link.