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Guideline Value

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Guideline Value for AGATHIYAR NAGAR 23rd STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar 23rd 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 23rd Street

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AGATHIYAR NAGAR 23rd STREET guideline value

The current guideline value of AGATHIYAR NAGAR 23rd STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR 23rd STREET has changed

The guideline value for AGATHIYAR NAGAR 23rd STREET has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,750 per sq.ft. This value increased significantly to Rs 4,500 per sq.ft in 2012, marking a 157% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, reflecting a 33% drop. The value surged again to Rs 4,500 per sq.ft in 2023, and most recently, it has risen to Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year.

It is important to note that the register has no figures for AGATHIYAR NAGAR 23rd STREET in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 180%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values 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 the same as the current value for AGATHIYAR NAGAR 23rd STREET.

Stamp duty and registration fee for property in AGATHIYAR NAGAR 23rd 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.

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

Which Sub Registrar Office covers AGATHIYAR NAGAR 23rd STREET?

The Sub Registrar Office that covers AGATHIYAR NAGAR 23rd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 critical factor when buying or selling property in Villivakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

When a property transaction occurs, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 23rd STREET?

The current guideline value of AGATHIYAR NAGAR 23rd 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, representing an overall increase of 180%.

What is the land classification for AGATHIYAR NAGAR 23rd STREET?

The land classification for AGATHIYAR NAGAR 23rd STREET is Residential Class III Type - II.

What are the stamp duty and registration fees for a property 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 for AGATHIYAR NAGAR 23rd STREET?

The Villivakkam Sub Registrar Office handles the registration for AGATHIYAR NAGAR 23rd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.