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Guideline Value

Corporate

Guideline Value for Pillaiyar Koil 1st Street

₹8700/sq.ft.

The guideline value for Pillaiyar Koil 1st Street in Mylapore Part 1 village (Chennai Central Joint I SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 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

Mylapore Part 1

Village

Chennai Central Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[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 Pillaiyar Koil 1st Street

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Pillaiyar Koil 1st Street guideline value

The current guideline value of Pillaiyar Koil 1st Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pillaiyar Koil 1st Street has changed

According to the guideline value register, there are no figures available for Pillaiyar Koil 1st Street for the years 2002, 2003, 2007, 2012, and 2017. The last recorded revision before the current one was in 2023, where the guideline value was Rs 8,000 per sq.ft. This represents a 9% increase to the current value of Rs 8,700 per sq.ft in the 2024 revision.

The 2024 revision shows a significant update in the guideline value, reflecting the current rate. The increase from Rs 8,000 in 2023 to Rs 8,700 in 2024 indicates a shift in the valuation for this street.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with 2024 guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing the guideline value of Pillaiyar Koil 1st Street below this median.

Stamp duty and registration fee for property in Pillaiyar Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, while the registration fee at 2% would be Rs 1,74,000. Together, these fees would total Rs 7,83,000. 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 Pillaiyar Koil 1st Street?

The Sub Registrar Office that covers Pillaiyar Koil 1st Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor during the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the appropriate stamp duty and registration fees that need to be paid based on the property's value.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately and that the applicable taxes are calculated correctly. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 1st Street?

The current guideline value of Pillaiyar Koil 1st Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Pillaiyar Koil 1st Street. The guideline value was Rs 8,000 per sq.ft in 2023 and increased by 9% to Rs 8,700 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil 1st Street?

Pillaiyar Koil 1st Street is classified as Residential Class I Type - III according to the land classification guidelines.

What are the stamp duty rates for property in this area?

The stamp duty rate for property in Pillaiyar Koil 1st Street is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pillaiyar Koil 1st Street?

The Sub Registrar Office for Pillaiyar Koil 1st Street is located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014. You can find more details through the relevant links provided.