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Guideline Value for Pannariamman Koil Street (PANNEERVAKKAM COLONY)

₹385/sq.ft.

The guideline value for Pannariamman Koil Street (panneervakkam Colony) in Padiyanallur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padiyanallur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Pannariamman Koil Street (panneervakkam Colony)

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Pannariamman Koil Street (PANNEERVAKKAM COLONY) guideline value

The current guideline value of Pannariamman Koil Street (PANNEERVAKKAM COLONY) is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Pannariamman Koil Street (PANNEERVAKKAM COLONY) has changed

The guideline value for Pannariamman Koil Street has undergone several revisions over the years. In 2007, the figure was Rs 200 per sq.ft, which increased to Rs 350 per sq.ft in 2012, marking a 75% increase. However, it then decreased to Rs 234 per sq.ft in 2017, a decline of 33%. The value saw a significant rise to Rs 350 per sq.ft in 2023, followed by another increase to Rs 385 per sq.ft in 2024, which is a 10% rise from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 93%. The figures for the revisions are as follows: Rs 200 in 2007, Rs 350 in 2012, Rs 234 in 2017, Rs 350 in 2023, and the current Rs 385 in 2024.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft, with a median value of Rs 770 per sq.ft. Pannariamman Koil Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Pannariamman Koil Street (PANNEERVAKKAM COLONY)

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total to Rs 34,650. It is important to note that the 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 Pannariamman Koil Street (PANNEERVAKKAM COLONY)?

The Sub Registrar Office that covers Pannariamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Padiyanallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pannariamman Koil Street?

The current guideline value of Pannariamman Koil Street (PANNEERVAKKAM COLONY) is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 in 2007 to Rs 385 in 2024, with several revisions in between, including a decrease in 2017 and increases in 2023 and 2024.

What are the other streets in Padiyanallur and their guideline values?

Other streets in Padiyanallur include Panneer Selvam Street and Pandiyan Street (Bhavani Nagar), both at Rs 770 per sq.ft, along with Pasumpon Street at Rs 660 per sq.ft, among others.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Pannariamman Koil Street is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Pannariamman Koil Street?

The Sub Registrar Office for Pannariamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.