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Guideline Value

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Guideline Value for Pillaiyar Koil 3rd Cross Street(Ward 7)

₹1001/sq.ft.

The guideline value for Pillaiyar Koil 3rd 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 3rd Cross Street(ward 7)

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Pillaiyar Koil 3rd Cross Street(Ward 7) guideline value

The current guideline value for Pillaiyar Koil 3rd 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. The land classification is Residential Class IV Type - I.

How the guideline value of Pillaiyar Koil 3rd Cross Street(Ward 7) has changed

The guideline value for Pillaiyar Koil 3rd Cross Street(Ward 7) has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,001 per sq.ft as of the 2024 revision. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 87%. The overall change from 2012 to 2024 reflects a 25% increase in the guideline value.

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 guideline value for these streets is Rs 1,003 per sq.ft, which means that Pillaiyar Koil 3rd Cross Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Pillaiyar Koil 3rd Cross Street(Ward 7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, while the registration fee at 2% would be Rs 20,020, bringing the total fees 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 3rd Cross Street(Ward 7)?

The Sub Registrar Office that covers Pillaiyar Koil 3rd Cross Street(Ward 7) is the Ambattur Sub Registrar Office. The address is 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 crucial during the registration process when buying or selling property in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

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

Frequently asked questions

What is the current guideline value for Pillaiyar Koil 3rd Cross Street(Ward 7)?

The current guideline value for Pillaiyar Koil 3rd 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 seen various changes, from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024. The most significant change occurred between 2017 and 2023, with an increase of 87%.

What is the land classification for Pillaiyar Koil 3rd Cross Street(Ward 7)?

The land classification for Pillaiyar Koil 3rd Cross Street(Ward 7) is Residential Class IV Type - I.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Pillaiyar Koil 3rd Cross Street(Ward 7)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 90,090, including stamp duty and registration fees.