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Guideline Value

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Guideline Value for AGATHIYAR NAGAR 31st STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar 31st 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 31st Street

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AGATHIYAR NAGAR 31st STREET guideline value

The current guideline value of AGATHIYAR NAGAR 31st 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 31st STREET has changed

The guideline value for AGATHIYAR NAGAR 31st STREET has seen 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 2012. However, this value decreased to Rs 3,015 per sq.ft in 2017. The following revision in 2023 raised the value to Rs 4,500 per sq.ft, and the most recent revision in 2024 established the current value at Rs 4,900 per sq.ft.

Between the revisions, the changes were notable. From 2007 to 2012, there was a substantial increase of 157%. However, from 2012 to 2017, the value decreased by 33%. The value then surged by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 180%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Villivakkam

In Villivakkam, there are a total of 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 the same as the current guideline value for AGATHIYAR NAGAR 31st STREET.

Stamp duty and registration fee for property in AGATHIYAR NAGAR 31st 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, making the total cost Rs 4,41,000. 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.

Which Sub Registrar Office covers AGATHIYAR NAGAR 31st STREET?

The AGATHIYAR NAGAR 31st STREET falls under 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 critical aspect when registering property in Villivakkam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price exceeds the guideline value, the higher amount is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 31st STREET?

The current guideline value of AGATHIYAR NAGAR 31st 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. The most significant increase occurred from 2017 to 2023, where the value rose by 49%.

What is the land classification for AGATHIYAR NAGAR 31st STREET?

AGATHIYAR NAGAR 31st STREET is classified as 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 registrations for AGATHIYAR NAGAR 31st STREET?

The Villivakkam Sub Registrar Office handles registrations for AGATHIYAR NAGAR 31st STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.