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Guideline Value

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Guideline Value for AGATHIYAR NAGAR 16th STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar 16th Street in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /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)

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 Agathiyar Nagar 16th Street

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AGATHIYAR NAGAR 16th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 16th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR 16th STREET has changed

The guideline value for AGATHIYAR NAGAR 16th STREET has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,750 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 157%. However, in the 2017 revision, the value dropped to Rs 3,015 per sq.ft, which was a decrease of 33%. The 2023 revision saw a substantial increase to Rs 4,500 per sq.ft, and the most recent 2024 revision has raised it further to Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 is Rs 4,900 per sq.ft, which is equal to the guideline value of AGATHIYAR NAGAR 16th STREET.

Stamp duty and registration fee for property in AGATHIYAR NAGAR 16th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. 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 information on fees.

Which Sub Registrar Office covers AGATHIYAR NAGAR 16th STREET?

The Sub Registrar Office covering AGATHIYAR NAGAR 16th STREET 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 plays a crucial role in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 16th STREET?

The current guideline value of AGATHIYAR NAGAR 16th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 180% over the years.

What is the land classification of AGATHIYAR NAGAR 16th STREET?

AGATHIYAR NAGAR 16th STREET is classified as Residential Class III Type - II.

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

For a property valued at Rs 49,00,000, the total stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, making a total of Rs 4,41,000.

Which office handles registrations for AGATHIYAR NAGAR 16th STREET?

The Villivakkam Sub Registrar Office handles registrations for AGATHIYAR NAGAR 16th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.