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Guideline Value

Corporate

Guideline Value for Pillaiyar Koil 2nd Street

₹8700/sq.ft.

The guideline value for Pillaiyar Koil 2nd 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 2nd Street

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Pillaiyar Koil 2nd Street guideline value

The current guideline value of Pillaiyar Koil 2nd Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is part of Mylapore Part 1 village under the Chennai Central Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Pillaiyar Koil 2nd Street has changed

In the 2023 revision, the guideline value for Pillaiyar Koil 2nd Street was Rs 8,000 per sq.ft. The latest revision in 2024 saw an increase of 9%, bringing the current value to Rs 8,700 per sq.ft. There are no figures available in the register for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the changes, the guideline value increased from Rs 8,000 in 2023 to Rs 8,700 in 2024. This reflects a notable upward adjustment, but it remains below the median guideline value of Rs 8,800 per sq.ft for streets in Mylapore Part 1.

Guideline values in Mylapore Part 1

Mylapore Part 1 consists of 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value is Rs 8,800 per sq.ft, placing Pillaiyar Koil 2nd Street's 2024 figure below this median.

Stamp duty and registration fee for property in Pillaiyar Koil 2nd 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 be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, bringing the total to Rs 7,83,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil 2nd Street?

The Sub Registrar Office that covers Pillaiyar Koil 2nd Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process of property transactions in Mylapore Part 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When buying or selling property, the guideline value helps to establish a fair price for the transaction, influencing both the buyer's and seller's expectations. It is critical to be aware of the current guideline value to understand the financial implications of the property deal.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 2nd Street?

The current guideline value of Pillaiyar Koil 2nd Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pillaiyar Koil 2nd Street was Rs 8,000 per sq.ft in 2023, which increased by 9% to Rs 8,700 in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Mylapore Part 1?

The median guideline value in Mylapore Part 1 is Rs 8,800 per sq.ft. Pillaiyar Koil 2nd Street's current value is below this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000 and the registration fee would be Rs 1,74,000, totaling Rs 7,83,000. Duty is charged on the higher of the guideline value and the sale price.

Which office handles property registrations for Pillaiyar Koil 2nd Street?

The Chennai Central Joint I Sub Registrar Office handles property registrations for Pillaiyar Koil 2nd Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.