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Guideline Value

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Guideline Value for Pillaiyar Koil 2nd Cross Street(Ward 7)

₹1001/sq.ft.

The guideline value for Pillaiyar Koil 2nd Cross Street(ward 7) in Menambedu village (Ambattur SRO, Chennai zone) is Rs 1001 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 0% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Menambedu

Village

Ambattur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1001 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 2nd Cross Street(ward 7)

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Pillaiyar Koil 2nd Cross Street(Ward 7) guideline value

The current guideline value of Pillaiyar Koil 2nd Cross Street(Ward 7) is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village and falls under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Pillaiyar Koil 2nd Cross Street(Ward 7) has changed

Over the years, the guideline value of Pillaiyar Koil 2nd Cross Street has seen several revisions. The register shows that in 2012, the guideline value was Rs 800 per sq.ft, which changed to Rs 536 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking an 87% rise. The most recent revision in 2024 set the value at Rs 1,001 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, making the guideline value of Pillaiyar Koil 2nd Cross Street(Ward 7) slightly below that median.

Stamp duty and registration fee for property in Pillaiyar Koil 2nd Cross Street(Ward 7)

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar Koil 2nd Cross Street(Ward 7)?

The Sub Registrar Office that covers Pillaiyar Koil 2nd Cross Street(Ward 7) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial aspect when buying or selling property in Menambedu, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer is required to pay these fees based on 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 Pillaiyar Koil 2nd Cross Street?

The current guideline value of Pillaiyar Koil 2nd Cross Street(Ward 7) is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 25%. The value saw a significant rise of 87% from 2017 to 2023.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090.

Which office handles registrations for this area?

The Ambattur Sub Registrar Office handles registrations for Pillaiyar Koil 2nd Cross Street(Ward 7) and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Menambedu?

The median guideline value for streets in Menambedu is Rs 1,003 per sq.ft, with Pillaiyar Koil 2nd Cross Street's value being slightly below this median.