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Guideline Value

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Guideline Value for AGATHIYAR NAGAR 33rd STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar 33rd 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 33rd Street

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AGATHIYAR NAGAR 33rd STREET guideline value

The current guideline value of AGATHIYAR NAGAR 33rd 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 33rd STREET has changed

The guideline value for AGATHIYAR NAGAR 33rd 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 the 2012 revision. However, this value decreased to Rs 3,015 per sq.ft in 2017. The 2023 revision raised it again to Rs 4,500 per sq.ft, and the latest 2024 revision has brought it to Rs 4,900 per sq.ft.

In terms of percentage changes, from 2007 to 2012, the value increased by 157%. However, from 2012 to 2017, there was a decrease of 33%. The value then rose by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects an increase of 9%. Overall, the guideline value has increased by 180% from 2007 to 2024. 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 guideline value is Rs 4,900 per sq.ft, which is the same as the current value for AGATHIYAR NAGAR 33rd STREET.

Stamp duty and registration fee for property in AGATHIYAR NAGAR 33rd 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, while the registration fee at 2% would be Rs 98,000. Together, these fees would total Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers AGATHIYAR NAGAR 33rd STREET?

The Sub Registrar Office that covers AGATHIYAR NAGAR 33rd 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 is an essential factor in property transactions in Villivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official records.

Additionally, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 33rd STREET?

The current guideline value of AGATHIYAR NAGAR 33rd 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 several times, with the most recent increase from Rs 4,500 per sq.ft in 2023 to Rs 4,900 per sq.ft in 2024, reflecting a 9% increase.

What is the land classification for AGATHIYAR NAGAR 33rd STREET?

AGATHIYAR NAGAR 33rd STREET is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for AGATHIYAR NAGAR 33rd STREET?

The Sub Registrar Office for AGATHIYAR NAGAR 33rd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in AGATHIYAR NAGAR 33rd STREET?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at a rate of 7%.