Guideline Value for Thillainayagam Pillai 2nd Street

Thillainayagam Pillai 2nd Street guideline value

The current guideline value of Thillainayagam Pillai 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thillainayagam Pillai 2nd Street has changed

The guideline value for Thillainayagam Pillai 2nd Street has undergone several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017, before rising again to Rs 2,500 per sq.ft in 2023 and finally reaching Rs 2,700 per sq.ft in 2024.

From 2017 to 2023, there was an increase of 49%. The change from 2023 to 2024 represents an 8% increase. Overall, from 2007 to 2024, the guideline value has increased by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is the same as the guideline value for Thillainayagam Pillai 2nd Street.

• Thillainayagam Pillai 1st Street: Rs 2,700 per sq.ft (2024)
• Thillainayagam Pillai 3rd Street: Rs 2,700 per sq.ft (2024)
• Thillainayagam Pillai 4th Street: Rs 2,700 per sq.ft (2024)
• Thillainayagam Pillai 5th Street: Rs 2,700 per sq.ft (2024)
• Thillainayagam Pillai 6th Street: Rs 2,700 per sq.ft (2024)
• Thilaiyadi Valliammai Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thillainayagam Pillai 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 information.

Which Sub Registrar Office covers Thillainayagam Pillai 2nd Street?

The Sub Registrar Office that covers Thillainayagam Pillai 2nd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is an important factor during the registration of property transactions in Sembiam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thillainayagam Pillai 2nd Street?

The current guideline value of Thillainayagam Pillai 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 200% over the years.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office is responsible for Thillainayagam Pillai 2nd Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, is responsible for this street.

What is the land classification for Thillainayagam Pillai 2nd Street?

Thillainayagam Pillai 2nd Street is classified as Residential Class I Type - I, indicating its suitability for residential development.