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Guideline Value

Corporate

Guideline Value for Palayam Pillai Nagar 3rd Street

₹4900/sq.ft.

The guideline value for Palayam Pillai Nagar 3rd Street in Ayanavaram village (Annanagar SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayanavaram

Village

AnnaNagar

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹518 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹461 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Palayam Pillai Nagar 3rd Street

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Palayam Pillai Nagar 3rd Street guideline value

The current guideline value of Palayam Pillai Nagar 3rd Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Palayam Pillai Nagar 3rd Street has changed

Since the 2002 revision, the guideline value for Palayam Pillai Nagar 3rd Street has seen significant changes. In 2002, the value was Rs 461 per sq.ft, which increased to Rs 518 per sq.ft in 2003. The value then rose to Rs 1,200 per sq.ft in 2007, followed by a jump to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The value saw a substantial increase to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft in 2024.

The changes between the revisions reflect a +963% increase from 2002 to 2024. Specific changes include a +12% increase from 2002 to 2003, a +132% rise from 2003 to 2007, a +275% rise from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +9% increase from 2023 to 2024.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current value of Palayam Pillai Nagar 3rd Street.

Stamp duty and registration fee for property in Palayam Pillai Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost for these fees Rs 4,41,000. It is important to note that 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 information.

Which Sub Registrar Office covers Palayam Pillai Nagar 3rd Street?

The Sub Registrar Office that covers Palayam Pillai Nagar 3rd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Ayanavaram. It is the benchmark used by the government to determine the minimum value at which a property can be registered. Buyers and sellers must be aware of this value as it affects the stamp duty and registration fees applicable to the transaction.

When you buy or sell property, the guideline value is used to calculate the stamp duty, which is a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Palayam Pillai Nagar 3rd Street?

The current guideline value of Palayam Pillai Nagar 3rd Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 461 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of +963% over this period.

What is the land classification of Palayam Pillai Nagar 3rd Street?

Palayam Pillai Nagar 3rd Street is classified as Residential Class I Type - III.

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

The Sub Registrar Office covering Palayam Pillai Nagar 3rd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property in Palayam Pillai Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 49,00,000, leading to a stamp duty of Rs 3,43,000.