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Guideline Value

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Guideline Value for Pillaiyar Koil 5th Cross Street(Ward 7)

₹1001/sq.ft.

The guideline value for Pillaiyar Koil 5th 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 5th Cross Street(ward 7)

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Pillaiyar Koil 5th Cross Street(Ward 7) guideline value

The current guideline value of Pillaiyar Koil 5th Cross Street(Ward 7) is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Pillaiyar Koil 5th Cross Street(Ward 7) has changed

The guideline value for Pillaiyar Koil 5th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and it has now risen slightly to Rs 1,001 per sq.ft in the 2024 revision. It is important to note that there are no figures available for this street in the revisions for 2002, 2003, and 2007.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 87%. Overall, when comparing the values from 2012 to 2024, there has been an increase of 25%.

Guideline values in Menambedu

In Menambedu village, 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 in this area is Rs 1,003 per sq.ft, placing the 2024 figure for Pillaiyar Koil 5th Cross Street below that median.

Stamp duty and registration fee for property in Pillaiyar Koil 5th 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, and the registration fee at 2% would be Rs 20,020. Therefore, the total cost for stamp duty and registration would be Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil 5th Cross Street(Ward 7)?

The Sub Registrar Office that covers Pillaiyar Koil 5th 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Menambedu. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the agreed sale price, whichever is higher. This ensures that the government receives adequate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 5th Cross Street?

The current guideline value of Pillaiyar Koil 5th 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?

Over the years, the guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,001 per sq.ft in 2024.

What is the land classification for Pillaiyar Koil 5th Cross Street?

Pillaiyar Koil 5th Cross Street is classified under Residential Class IV Type - I.

What are the stamp duty and registration fees for a property in this area?

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, making the total Rs 90,090.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Pillaiyar Koil 5th Cross Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.