Guideline Value for PILORI STREET

Pilori Street guideline value

The current guideline value of Pilori Street in Thiruvanmiyur village is Rs 3,520 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class V Type - III.

How the guideline value of Pilori Street has changed

The guideline value for Pilori Street has seen several revisions over the years. In 2002, the value was Rs 732 per sq.ft, which increased to Rs 810 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 1,300 per sq.ft in 2007, reflecting a 60% increase. Following this, the value surged to Rs 3,200 per sq.ft in 2012, a remarkable increase of 146%. However, it dropped to Rs 2,144 per sq.ft in 2017, a decrease of 33%. The value then increased again to Rs 3,200 per sq.ft in 2023, and finally reached Rs 3,520 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 381%. The register has no figures for any revisions other than those stated above.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value of Pilori Street is below this median.

• Police Line Qut: Rs 7,150 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 7,150 per sq.ft (2024)
• Pillaiar Koil Street (Rajaji Nagr): Rs 9,900 per sq.ft (2024)
• Periyar Nagar / Street: Rs 7,150 per sq.ft (2024)
• P.T.C. Colony: Rs 7,150 per sq.ft (2024)
• P.T.C.Colony 1st Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Pilori Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, resulting in a total of Rs 3,16,800. It is important to note that the 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 Pilori Street?

The Sub Registrar Office that covers Pilori Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value to comply with registration requirements.

When a property is registered, the guideline value helps in calculating the applicable taxes and fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This transparency is essential for a smooth registration process.

Frequently asked questions

What is the current guideline value of Pilori Street?

The current guideline value of Pilori Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Pilori Street has changed significantly from Rs 732 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 381% over this period.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft, while Pilori Street's current guideline value is below this median.

What are the stamp duty and registration fees for Pilori Street?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400, and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Where is the Sub Registrar Office for Pilori Street located?

The Sub Registrar Office for Pilori Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.