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Guideline Value

Corporate

Guideline Value for SHAIK ABDULLA NAGAR - Pilliyar Koil Street

₹2750/sq.ft.

The guideline value for Shaik Abdulla Nagar - Pilliyar Koil Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Shaik Abdulla Nagar - Pilliyar Koil Street

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SHAIK ABDULLA NAGAR - Pilliyar Koil Street guideline value

The current guideline value for SHAIK ABDULLA NAGAR - Pilliyar Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of SHAIK ABDULLA NAGAR - Pilliyar Koil Street has changed

The guideline value for SHAIK ABDULLA NAGAR - Pilliyar Koil Street has undergone several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in 2017, before rising to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for SHAIK ABDULLA NAGAR - Pilliyar Koil Street is below this median.

Stamp duty and registration fee for property in SHAIK ABDULLA NAGAR - Pilliyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SHAIK ABDULLA NAGAR - Pilliyar Koil Street?

The SHAIK ABDULLA NAGAR - Pilliyar Koil Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Virugambakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded at a fair value.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for all property transactions. This ensures compliance with local regulations and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value for SHAIK ABDULLA NAGAR - Pilliyar Koil Street?

The current guideline value for SHAIK ABDULLA NAGAR - Pilliyar Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 500 per sq.ft in 2007, rising to Rs 2,500 in 2012, dropping to Rs 1,675 in 2017, and then increasing to Rs 2,500 in 2023, before reaching Rs 2,750 in 2024.

What is the land classification for SHAIK ABDULLA NAGAR - Pilliyar Koil Street?

SHAIK ABDULLA NAGAR - Pilliyar Koil Street is classified as Residential Class IV Type - II.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers SHAIK ABDULLA NAGAR - Pilliyar Koil Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.