Guideline Value

Corporate

Guideline Value for AGATHIYAR NAGAR 17th STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar 17th 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 17th Street

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AGATHIYAR NAGAR 17th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 17th 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 17th STREET has changed

Over the years, the guideline value of AGATHIYAR NAGAR 17th STREET has experienced several revisions. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, this value saw a decrease to Rs 3,015 per sq.ft in 2017. From 2017 to 2023, the guideline value rose sharply to Rs 4,500 per sq.ft, and the latest revision in 2024 has established it at Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

In summary, the changes from each revision show a notable increase overall. From 2007 to 2012, there was a 157% increase, followed by a 33% decrease until 2017. The value then surged by 49% from 2017 to 2023, culminating in an overall increase of 180% from 2007 to 2024. 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 guideline value is Rs 4,900 per sq.ft, which is equal to the 2024 figure for AGATHIYAR NAGAR 17th STREET. Below are the guideline values for other streets in Villivakkam:

Stamp duty and registration fee for property in AGATHIYAR NAGAR 17th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty, calculated at 7%, would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Therefore, the total cost for duty and registration would be Rs 4,41,000. Please 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 details.

Which Sub Registrar Office covers AGATHIYAR NAGAR 17th STREET?

The Sub Registrar Office that covers AGATHIYAR NAGAR 17th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is an essential reference used during property registration in Villivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the transaction value. It is crucial for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid discrepancies during the sale process.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 17th STREET?

The current guideline value of AGATHIYAR NAGAR 17th 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 significantly over the years, with the most recent increase being 9% from Rs 4,500 per sq.ft in 2023 to Rs 4,900 per sq.ft in 2024.

What is the land classification for AGATHIYAR NAGAR 17th STREET?

AGATHIYAR NAGAR 17th STREET is classified as Residential Class III Type - II.

Which Sub Registrar Office is responsible for AGATHIYAR NAGAR 17th STREET?

The Villivakkam Sub Registrar Office is responsible for AGATHIYAR NAGAR 17th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in AGATHIYAR NAGAR 17th STREET?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,43,000.