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Guideline Value

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Guideline Value for Pillayar Koil Street Ward No.10 Door No.1-24a

₹660/sq.ft.

The guideline value for Pillayar Koil Street Ward No.10 Door No.1-24a in Old Gummidipoondi village (Gummidipoondi SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Old Gummidipoondi

Village

Gummidipoondi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹216 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹190 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201
044_29570408
[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 Pillayar Koil Street Ward No.10 Door No.1-24a

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Pillayar Koil Street Ward No.10 Door No.1-24a guideline value

The current guideline value for Pillayar Koil Street Ward No.10 Door No.1-24a is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Pillayar Koil Street Ward No.10 Door No.1-24a has changed

The guideline value for Pillayar Koil Street has seen several revisions over the years. In 2002, the value was Rs 190 per sq.ft, which increased to Rs 216 per sq.ft in 2003, marking a change of +14%. The value then rose significantly to Rs 400 per sq.ft in 2007, an increase of +85%. The 2012 revision saw a further increase to Rs 600 per sq.ft, reflecting a growth of +50%. However, in 2017, the value dropped to Rs 402 per sq.ft, a decrease of -33%. The next revision in 2023 brought the value back up to Rs 600 per sq.ft, and finally, the current revision in 2024 set the guideline value at Rs 660 per sq.ft, a rise of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +247%. There are no figures available for any other revisions for this street outside of those mentioned.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,210 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is equal to the 2024 figure for Pillayar Koil Street.

Stamp duty and registration fee for property in Pillayar Koil Street Ward No.10 Door No.1-24a

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 details.

Which Sub Registrar Office covers Pillayar Koil Street Ward No.10 Door No.1-24a?

The Sub Registrar Office that covers Pillayar Koil Street Ward No.10 Door No.1-24a is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t. road, Gummidipoondi-601201, Chennai registration zone. For more information, you can find your SRO.

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

When buying or selling property in Old Gummidipoondi, the guideline value is an important factor used during the registration process. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. The guideline value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street Ward No.10 Door No.1-24a?

The current guideline value for Pillayar Koil Street Ward No.10 Door No.1-24a is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 190 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, reflecting an overall increase of +247% over the years.

What is the land classification of this property?

The land classification for Pillayar Koil Street Ward No.10 Door No.1-24a is Residential Class II Type - I.

Which Sub Registrar Office handles registrations for this area?

The Gummidipoondi Sub Registrar Office is responsible for handling registrations for Pillayar Koil Street Ward No.10 Door No.1-24a, located at No.9, Grc Complex, G.n.t. road, Gummidipoondi-601201, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.