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Guideline Value

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Guideline Value for Pillayar Koil Street

₹385/sq.ft.

The guideline value for Pillayar Koil Street in Perungavur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 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

Perungavur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹31 /sq.ft.
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 Pillayar Koil Street

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Pillayar Koil Street guideline value

The current guideline value of Pillayar Koil Street in Perungavur village is Rs 385 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 Pillayar Koil Street has changed

The guideline value for Pillayar Koil Street has seen several revisions over the years. In 2003, the value was Rs 31 per sq.ft, and it increased significantly to Rs 300 per sq.ft in 2007, marking an increase of 868%. The value then changed to Rs 350 per sq.ft in 2012, a decrease of 33%. By 2017, it rose to Rs 234 per sq.ft, and in 2023, it further increased to Rs 350 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 385 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1142%. It is important to note that the register has no figure for Pillayar Koil Street for the year 2002.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO, with guideline values ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 275 per sq.ft, placing Pillayar Koil Street's 2024 figure above this median.

Stamp duty and registration fee for property in Pillayar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 385 per sq.ft, the guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, totaling Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillayar Koil Street?

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 Perungavur

The guideline value is a crucial factor when buying or selling property in Perungavur. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value helps establish a baseline for the sale price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price. Therefore, understanding the guideline value is essential for all parties involved in the real estate transaction.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street?

The current guideline value of Pillayar Koil Street is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 31 per sq.ft in 2003 to Rs 385 per sq.ft in 2024, reflecting an overall increase of 1142% over this period.

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.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,85,000, the stamp duty would be Rs 26,950.

What are the other streets in Perungavur and their guideline values?

Other streets in Perungavur have varying guideline values. For instance, New Star City Gold has a value of Rs 220 per sq.ft, while New Star City, New Apoorva Boomi Part-I, New Aboorva Boomi Part-2, and New Aboorva Boomi all have a value of Rs 275 per sq.ft.