Guideline Value

Corporate

Guideline Value for 18th MAIN ROAD

₹13200/sq.ft.

The guideline value for 18th 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]
Records for a plot on 18th Main Road

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18th MAIN ROAD guideline value

The current guideline value of 18th MAIN ROAD is Rs 13,200 per sq.ft, effective from 1 July 2024. This road is located in Villivakkam village, under the Villivakkam SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of 18th MAIN ROAD has changed

The guideline value for 18th MAIN ROAD has seen several revisions over the years. In 2012, the value was set at Rs 12,000 per sq.ft, which then decreased to Rs 8,040 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49% to reach Rs 12,000 per sq.ft. The most recent revision in 2024 has raised the value to Rs 13,200 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value across these streets is Rs 4,900 per sq.ft, placing the 2024 figure for 18th MAIN ROAD above this median.

Stamp duty and registration fee for property in 18th 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, totaling Rs 11,88,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers 18th MAIN ROAD?

The Sub Registrar Office that covers 18th MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value helps in calculating the applicable fees based on the higher of the guideline value or the actual sale price. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of 18th MAIN ROAD?

The current guideline value of 18th MAIN ROAD is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

What is the land classification for 18th MAIN ROAD?

The land classification for 18th MAIN ROAD is Residential Class I Type - I.

Where can I find the Sub Registrar Office for 18th MAIN ROAD?

The Sub Registrar Office for 18th MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property on 18th MAIN ROAD?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.