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Guideline Value

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Guideline Value for Pillaiyar Koil Street

₹440/sq.ft.

The guideline value for Pillaiyar Koil Street in Palavayal village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 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

Palavayal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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

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Pillaiyar Koil Street guideline value

The current guideline value of Pillaiyar Koil Street in Palavayal village is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Pillaiyar Koil Street has changed

Over the years, the guideline value for Pillaiyar Koil Street has seen several revisions. The earliest recorded revision in 2007 set the value at Rs 300 per sq.ft. This increased to Rs 400 per sq.ft in 2012, but then saw a decrease to Rs 268 per sq.ft in 2017. The value rose significantly to Rs 400 per sq.ft in 2023, and most recently, it has been revised to Rs 440 per sq.ft in 2024. There are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The overall change from 2007 to 2024 reflects an increase of 47% in the guideline value.

Guideline values in Palavayal

In Palavayal, there are 22 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 1,200 per sq.ft. The median value among these streets is Rs 440 per sq.ft, which is equal to the guideline value of Pillaiyar Koil Street.

Stamp duty and registration fee for property in Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillaiyar Koil Street?

The Sub Registrar Office that covers Pillaiyar Koil Street 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 Palavayal

The guideline value is a crucial factor in the registration process when buying or selling property in Palavayal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on the official value set by the Registration Department.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with legal requirements. This value helps to maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil Street?

The current guideline value of Pillaiyar Koil Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 300 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with notable increases and decreases in between.

What is the registration office for Pillaiyar Koil Street?

The registration office for Pillaiyar Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Pillaiyar Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 440 per sq.ft, the stamp duty would be Rs 30,800.

What are the other streets in Palavayal with similar guideline values?

Other streets in Palavayal, such as Poombugar Nagar, Raghavan Nagar, Painthamil Nagar, and New Sun Garden Phase - I, also have a guideline value of Rs 440 per sq.ft in 2024.