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Guideline Value

Corporate

Guideline Value for Pillaiyar Koil Main Road

₹1700/sq.ft.

The guideline value for Pillaiyar Koil Main Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹457 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹384 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Main Road

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Pillaiyar Koil Main Road guideline value

The current guideline value of Pillaiyar Koil Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class V Type - III.

How the guideline value of Pillaiyar Koil Main Road has changed

Over the years, the guideline value of Pillaiyar Koil Main Road has seen several revisions. The earliest recorded figure was Rs 384 per sq.ft in 2002. This increased to Rs 457 per sq.ft in 2003, marking a 19% rise. Following this, the value surged to Rs 1,000 per sq.ft in 2007, reflecting a significant increase of 119%. The guideline value then rose to Rs 1,500 per sq.ft in 2012, which was a 50% increase from the previous revision. However, it decreased to Rs 1,005 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 1,500 per sq.ft in 2023, before reaching the current figure of Rs 1,700 per sq.ft in 2024, which is a 13% increase.

In summary, the guideline value has changed from Rs 384 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, representing an overall increase of 343% over the years.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft in 2024. The median guideline value for these streets is Rs 3,900 per sq.ft, indicating that the value of Pillaiyar Koil Main Road is below this median.

Stamp duty and registration fee for property in Pillaiyar Koil Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Pillaiyar Koil Main Road?

The Pillaiyar Koil Main Road falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

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

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized valuation, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Main Road?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 384 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, representing an overall increase of 343% across the years.

What is the median guideline value in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, which means Pillaiyar Koil Main Road's guideline value is below this median.

What are the stamp duty and registration fees for property in Pillaiyar Koil Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,00,000, with stamp duty at Rs 1,19,000 and registration fee at Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Pillaiyar Koil Main Road?

The Adayar Sub Registrar Office at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for Pillaiyar Koil Main Road.