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Guideline Value

Corporate

Guideline Value for Pillayar Koil 2nd CrossStreet

₹2420/sq.ft.

The guideline value for Pillayar Koil 2nd Crossstreet in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 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:

Chengalpattu

Zone

Thiruneermalai

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹810 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹312 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Pillayar Koil 2nd Crossstreet

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Pillayar Koil 2nd CrossStreet guideline value

The current guideline value of Pillayar Koil 2nd CrossStreet is Rs 2,420 per sq.ft. This street is located in Thiruneermalai village, under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Pillayar Koil 2nd CrossStreet has changed

The guideline value has seen significant changes over the years. In 2003, the value was Rs 312 per sq.ft, which increased to Rs 810 per sq.ft in 2007, marking a rise of 160%. The value continued to rise, reaching Rs 1,474 per sq.ft in 2017, which is an increase of 82% from the previous revision. The 2023 revision set the value at Rs 2,200 per sq.ft, reflecting a 49% increase from 2017.

As of the 2024 revision, the guideline value stands at Rs 2,420 per sq.ft, representing a 10% increase from the 2023 figure. Overall, from 2003 to 2024, the guideline value has increased by 676%. Notably, there are no figures available for the revisions in 2002 and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which is the same as the current value for Pillayar Koil 2nd CrossStreet.

Stamp duty and registration fee for property in Pillayar Koil 2nd CrossStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400. Together, the total cost for stamp duty and registration fee would be Rs 2,17,800. 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 detailed calculations.

Which Sub Registrar Office covers Pillayar Koil 2nd CrossStreet?

The Pillayar Koil 2nd CrossStreet is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thiruneermalai. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during property registration.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pillayar Koil 2nd CrossStreet?

The current guideline value of Pillayar Koil 2nd CrossStreet is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 312 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, marking a total increase of 676% over the years.

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

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Pillayar Koil 2nd CrossStreet, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Pillayar Koil 2nd CrossStreet?

Pillayar Koil 2nd CrossStreet is classified as Residential Class I Type - I, indicating its suitability for residential purposes.