Guideline Value

Corporate

Guideline Value for 17th MAIN ROAD

₹13200/sq.ft.

The guideline value for 17th Main Road in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 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

Villivakkam

Village

Villivakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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]

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17th MAIN ROAD guideline value

The current guideline value of 17th MAIN ROAD in Villivakkam village is Rs 13,200 per sq.ft, effective from 1 July 2024. This street falls under the Villivakkam Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of 17th MAIN ROAD has changed

The guideline value for 17th MAIN ROAD has seen several revisions over the years. In 2012, the value was Rs 12,000 per sq.ft, which decreased to Rs 8,040 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 12,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Villivakkam

Villivakkam has a total of 372 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for the village is Rs 4,900 per sq.ft, positioning 17th MAIN ROAD above this median.

Stamp duty and registration fee for property in 17th MAIN ROAD

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total to Rs 11,88,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers 17th MAIN ROAD?

The 17th MAIN ROAD is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Villivakkam. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the property is valued accurately for taxation purposes.

Frequently asked questions

What is the current guideline value of 17th MAIN ROAD?

The current guideline value of 17th MAIN ROAD is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, decreasing from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, before increasing to Rs 12,000 per sq.ft in 2023 and finally reaching Rs 13,200 per sq.ft in 2024.

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, with 17th MAIN ROAD's 2024 value being significantly above this median.

What are the stamp duty and registration fees for a property on 17th MAIN ROAD?

For a 1,000 sq.ft property on 17th MAIN ROAD, the total guideline value is Rs 1,32,00,000. The stamp duty would be Rs 9,24,000, and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.

Which office handles property registrations for 17th MAIN ROAD?

The Villivakkam Sub Registrar Office handles property registrations for 17th MAIN ROAD, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.