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Guideline Value

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Guideline Value for AGATHIYAR NAGAR LAKSHMI 3rd STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar Lakshmi 3rd 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 3rd Street

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AGATHIYAR NAGAR LAKSHMI 3rd STREET guideline value

The current guideline value of AGATHIYAR NAGAR LAKSHMI 3rd 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 LAKSHMI 3rd STREET has changed

The guideline value for AGATHIYAR NAGAR LAKSHMI 3rd STREET has undergone 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, marking a rise of 157%. However, the value then dropped to Rs 3,015 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision saw another increase to Rs 4,500 per sq.ft, followed by the current value of Rs 4,900 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 180%. It is important to 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, with the median value being Rs 4,900 per sq.ft. AGATHIYAR NAGAR LAKSHMI 3rd STREET's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in AGATHIYAR NAGAR LAKSHMI 3rd 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, totaling 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AGATHIYAR NAGAR LAKSHMI 3rd STREET?

The AGATHIYAR NAGAR LAKSHMI 3rd STREET falls under the jurisdiction of 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 plays a crucial role in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum price at which a property can be sold, ensuring that the transaction is recorded accurately in the land registry.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR LAKSHMI 3rd STREET?

The current guideline value of AGATHIYAR NAGAR LAKSHMI 3rd 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, marking an overall increase of 180%. The value has seen various fluctuations, including a drop and subsequent increases in different revision years.

What is the land classification for AGATHIYAR NAGAR LAKSHMI 3rd STREET?

AGATHIYAR NAGAR LAKSHMI 3rd STREET is classified as Residential Class III Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the total fees would amount to Rs 4,41,000.

Which office handles registrations for AGATHIYAR NAGAR LAKSHMI 3rd STREET?

The Villivakkam Sub Registrar Office is responsible for handling registrations for AGATHIYAR NAGAR LAKSHMI 3rd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.