Guideline Value for Pilkington Road

Pilkington Road guideline value

The current guideline value of Pilkington Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This road is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pilkington Road has changed

The guideline value for Pilkington Road has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 275%. However, in 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a drop of 33%. The guideline value then rose again to Rs 4,500 per sq.ft in 2023, an increase of 49%, before reaching the current value of Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 308%. This history of changes highlights the fluctuations in the guideline value over the years, reflecting various economic factors affecting the area.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current value of Pilkington Road.

• Pillaiyar Koil Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Poachers Road (Porteous Road): Rs 4,400 per sq.ft (2024)
• Police Manickam Pillai Street: Rs 5,500 per sq.ft (2024)
• Periyar Salai/Street: Rs 4,900 per sq.ft (2024)
• Ponnupillai Street: Rs 4,900 per sq.ft (2024)
• Poosanam Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pilkington Road

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, together amounting to Rs 4,41,000. 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 Pilkington Road?

The Sub Registrar Office that covers Pilkington Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a buyer and seller agree on a sale price, the guideline value is compared to this price. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pilkington Road?

The current guideline value of Pilkington Road 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 from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 308% over the years.

What are the stamp duty and registration fees for property on Pilkington Road?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles registrations for Pilkington Road?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, handles registrations for Pilkington Road.

What is the land classification for Pilkington Road?

The land classification for Pilkington Road is Residential Class I Type - III, indicating its designation for residential use.