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Guideline Value

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Guideline Value for AGATHIYAR NAGAR 21st STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar 21st 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 21st Street

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AGATHIYAR NAGAR 21st STREET guideline value

The current guideline value for AGATHIYAR NAGAR 21st STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR 21st STREET has changed

The guideline value for AGATHIYAR NAGAR 21st STREET has undergone several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 3,015 per sq.ft. The guideline value then rose to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 4,900 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%. The changes between the revisions include a 49% increase from 2017 to 2023, and a 157% increase from 2007 to 2012. 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 current value of AGATHIYAR NAGAR 21st STREET.

Stamp duty and registration fee for property in AGATHIYAR NAGAR 21st 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 at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers AGATHIYAR NAGAR 21st STREET?

The AGATHIYAR NAGAR 21st STREET falls under 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 in property transactions in Villivakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value. This ensures that the transaction is legally recognized and that the property is properly recorded in the government registry.

Frequently asked questions

What is the current guideline value for AGATHIYAR NAGAR 21st STREET?

The current guideline value for AGATHIYAR NAGAR 21st STREET is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly 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 this period.

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

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

Which office handles the registration of properties in AGATHIYAR NAGAR 21st STREET?

The Villivakkam Sub Registrar Office handles the registration of properties in AGATHIYAR NAGAR 21st STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for AGATHIYAR NAGAR 21st STREET?

AGATHIYAR NAGAR 21st STREET is classified as Residential Class III Type - II.