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Guideline Value

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Guideline Value for AGATHIYAR NAGAR LAKSHMI 2nd STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar Lakshmi 2nd 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 Lakshmi 2nd Street

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AGATHIYAR NAGAR LAKSHMI 2nd STREET guideline value

The current guideline value of AGATHIYAR NAGAR LAKSHMI 2nd 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 LAKSHMI 2nd STREET has changed

In the 2007 revision, the guideline value was Rs 1,750 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 157%. However, the value then decreased to Rs 3,015 per sq.ft in the 2017 revision, which was a decline of 33%. The value saw a substantial increase again in the 2023 revision, reaching Rs 4,500 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, reflecting a 9% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for AGATHIYAR NAGAR LAKSHMI 2nd STREET. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%.

Guideline values in Villivakkam

Villivakkam has 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 guideline value is Rs 4,900 per sq.ft, which is equal to the 2024 figure for AGATHIYAR NAGAR LAKSHMI 2nd STREET.

Stamp duty and registration fee for property in AGATHIYAR NAGAR LAKSHMI 2nd 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 stamp duty and registration would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AGATHIYAR NAGAR LAKSHMI 2nd STREET?

The Sub Registrar Office that covers AGATHIYAR NAGAR LAKSHMI 2nd 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 information.

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

The guideline value is a crucial factor when registering a property in Villivakkam. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR LAKSHMI 2nd STREET?

The current guideline value of AGATHIYAR NAGAR LAKSHMI 2nd 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 seen several changes, increasing from Rs 1,750 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, which is an overall increase of 180%.

What are the other streets with the same guideline value?

Other streets in Villivakkam with the same guideline value of Rs 4,900 per sq.ft include AGATHIYAR NAGAR LAKSHMI 1st STREET, AGATHIYAR NAGAR LAKSHMI 3rd STREET, AGATHIYAR NAGAR EXTENSION 3rd STREET, Agathiyar Nagar Srinivasa Avenue, AGATHIYAR NAGAR EXTENSION 2nd STREET, and AGATHIYAR NAGAR EXTENSION 1st STREET.

What is the stamp duty for properties in this area?

The stamp duty for properties in AGATHIYAR NAGAR LAKSHMI 2nd STREET is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 49,00,000 would incur a stamp duty of Rs 3,43,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering AGATHIYAR NAGAR LAKSHMI 2nd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more details by using the provided link.