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Guideline Value

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Guideline Value for AGATHIYAR NAGAR 4th STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar 4th 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 4th Street

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AGATHIYAR NAGAR 4th STREET guideline value

The current guideline value of AGATHIYAR NAGAR 4th 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 4th STREET has changed

Over the years, the guideline value for AGATHIYAR NAGAR 4th STREET has seen several revisions. The 2007 revision recorded a guideline value of Rs 1,750 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in the 2017 revision. From 2017 to 2023, the value rose sharply to Rs 4,500 per sq.ft, followed by a further increase to Rs 4,900 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003.

In terms of percentage changes, the value increased by 157% from 2007 to 2012, then decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the value rose by 9%. Overall, from 2007 to 2024, the guideline value has increased by 180%.

Guideline values in Villivakkam

Villivakkam has a total of 372 streets under the Villivakkam SRO, with the 2024 guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value of AGATHIYAR NAGAR 4th STREET.

Stamp duty and registration fee for property in AGATHIYAR NAGAR 4th 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, the total cost for these fees would be 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AGATHIYAR NAGAR 4th STREET?

The Sub Registrar Office that covers AGATHIYAR NAGAR 4th STREET is 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 details.

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

The guideline value is a crucial factor when registering property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR 4th STREET?

The current guideline value of AGATHIYAR NAGAR 4th 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, reflecting an overall increase of 180% over this period.

What are the other streets with the same guideline value in Villivakkam?

Several other streets in Villivakkam have the same guideline value of Rs 4,900 per sq.ft, including AGATHIYAR NAGAR 41st STREET, AGATHIYAR NAGAR 5th STREET, AGATHIYAR NAGAR 40th STREET, AGATHIYAR NAGAR 6th STREET, AGATHIYAR NAGAR 3rd STREET, and AGATHIYAR NAGAR 7th STREET.

What is the stamp duty for property in AGATHIYAR NAGAR 4th STREET?

The stamp duty for a property valued at Rs 49,00,000 in AGATHIYAR NAGAR 4th STREET would be Rs 3,43,000, calculated at 7% of the guideline value.

Which office handles the registration for AGATHIYAR NAGAR 4th STREET?

The Villivakkam Sub Registrar Office handles the registration for AGATHIYAR NAGAR 4th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.