Guideline Value for Pillayar Koil Street (Near Jothi Nagar)

Pillayar Koil Street (Near Jothi Nagar) guideline value

The current guideline value of Pillayar Koil Street (Near Jothi Nagar) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pillayar Koil Street (Near Jothi Nagar) has changed

The guideline value for Pillayar Koil Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, there was a decrease to Rs 469 per sq.ft in 2017. Following this, the value rose significantly to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 93%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Padiyanallur

Padiyanallur village has a total of 132 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Pillayar Koil Street.

• Pillayar Koil Street: Rs 1,320 per sq.ft (2024)
• Pillaiar Koil Cross Street (M.A.NAGAR): Rs 1,320 per sq.ft (2024)
• Perunchithanar Street: Rs 770 per sq.ft (2024)
• Perumal Koil Street (PANNEERVAKKAM COLONY): Rs 385 per sq.ft (2024)
• Perumal Koil Steet (PANNEERVAKKAM): Rs 385 per sq.ft (2024)
• Periyar Street (Bhavani Nagar): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil Street (Near Jothi Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, making a total of Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillayar Koil Street (Near Jothi Nagar)?

The Sub Registrar Office that covers Pillayar 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 Padiyanallur

The guideline value is a crucial factor in the registration process of property transactions in Padiyanallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to determine the fees. This ensures that all transactions are fairly assessed based on the established values in the area.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street?

The current guideline value of Pillayar Koil Street (Near Jothi Nagar) 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 from Rs 400 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting a total increase of 93% over the years.

What is the registration office for Pillayar Koil Street?

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

What are the stamp duty and registration fees for a property here?

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.

Where can I find more information about the guideline values in Padiyanallur?

For more information about the guideline values in Padiyanallur, you can refer to the Registration Department's guideline value register (TNReginet).