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Guideline Value

Corporate

Guideline Value for Pillaiyar Koil Street

₹770/sq.ft.

The guideline value for Pillaiyar Koil Street in Theerthangiriyampattu village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Theerthangiriyampattu

Village

Redhills

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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 is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Theerthangiriyampattu village, which falls under the Redhills SRO. The land classification for this area is Industries Type - I.

How the guideline value of Pillaiyar Koil Street has changed

The guideline value for Pillaiyar Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft. This increased to Rs 700 per sq.ft in 2012, marking a 40% rise. However, by 2017, the value dropped to Rs 469 per sq.ft, indicating a 33% decrease. The value then rose significantly to Rs 700 per sq.ft in 2023, and further increased by 10% to Rs 770 per sq.ft in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 54%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Theerthangiriyampattu

In Theerthangiriyampattu, there are 24 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 605 per sq.ft, placing Pillaiyar Koil Street's 2024 figure above this median.

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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to 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 detailed calculations.

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 Theerthangiriyampattu

The guideline value is a critical factor during the registration of property transactions in Theerthangiriyampattu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on an official valuation rather than the sale price alone.

When buying or selling a property, the guideline value helps both parties understand the minimum value at which the property must be registered. This ensures 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 770 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 500 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting a total increase of 54% over the years.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office covers this street?

The Redhills Sub Registrar Office covers Pillaiyar Koil Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Pillaiyar Koil Street?

The land classification for Pillaiyar Koil Street is Industries Type - I, indicating its suitability for industrial activities.