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Guideline Value

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Guideline Value for Pillaiyar Koil Street (Old Edapalayam)

₹220/sq.ft.

The guideline value for Pillaiyar Koil Street (old Edapalayam) in Pazhaya Erumai Vettipalayam village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pazhaya Erumai Vettipalayam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Street (old Edapalayam)

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Pillaiyar Koil Street (Old Edapalayam) guideline value

The current guideline value of Pillaiyar Koil Street (Old Edapalayam) is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Pazhaya Erumai Vettipalayam village under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pillaiyar Koil Street (Old Edapalayam) has changed

The guideline value for Pillaiyar Koil Street (Old Edapalayam) has undergone several revisions over the years. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in the 2012 revision, marking a 100% rise. However, the value then decreased by 33% to Rs 134 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 200 per sq.ft, which was then raised to Rs 220 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Pazhaya Erumai Vettipalayam

In Pazhaya Erumai Vettipalayam village, there are 14 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 110 to Rs 220 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which is equal to the current guideline value of Pillaiyar Koil Street (Old Edapalayam).

Stamp duty and registration fee for property in Pillaiyar Koil Street (Old Edapalayam)

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. 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 Street (Old Edapalayam)?

The Sub Registrar Office covering Pillaiyar Koil Street (Old Edapalayam) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pazhaya Erumai Vettipalayam

The guideline value is an important factor when registering property transactions in Pazhaya Erumai Vettipalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate taxes from property sales.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property for registration purposes. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street (Old Edapalayam)?

The current guideline value of Pillaiyar Koil Street (Old Edapalayam) is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, representing a total increase of 120% over the years.

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

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles registrations for this street?

The Redhills Sub Registrar Office handles registrations for Pillaiyar Koil Street (Old Edapalayam), located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Are there other streets with similar guideline values in the area?

Yes, there are several other streets in Pazhaya Erumai Vettipalayam with a 2024 guideline value of Rs 220 per sq.ft, including Pillaiyar Koil Street (Pudhu Edapalayam) and Perumal Koil Street (Old Edapalayam).