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Guideline Value

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Guideline Value for AGATHIYAR NAGAR SRINIVASA AVENUE

₹4900/sq.ft.

The guideline value for Agathiyar Nagar Srinivasa Avenue 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 Srinivasa Avenue

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Agathiyar Nagar Srinivasa Avenue guideline value

The current guideline value of Agathiyar Nagar Srinivasa Avenue is Rs 4,900 per sq.ft. 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 Srinivasa Avenue has changed

The guideline value for Agathiyar Nagar Srinivasa Avenue has seen several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 157%. However, the value dropped to Rs 3,015 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision brought the value back up to Rs 4,500 per sq.ft, and the latest revision in 2024 set it at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

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 value is Rs 4,900 per sq.ft, which is equal to the current guideline value of Agathiyar Nagar Srinivasa Avenue.

Stamp duty and registration fee for property in Agathiyar Nagar Srinivasa Avenue

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, bringing the total cost for these fees to 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 Srinivasa Avenue?

The Sub Registrar Office that covers Agathiyar Nagar Srinivasa Avenue 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 a critical factor in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in line with government regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Agathiyar Nagar Srinivasa Avenue?

The current guideline value of Agathiyar Nagar Srinivasa Avenue is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 1,750 per sq.ft to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 180%.

What is the land classification of Agathiyar Nagar Srinivasa Avenue?

Agathiyar Nagar Srinivasa Avenue is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Agathiyar Nagar Srinivasa Avenue?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Agathiyar Nagar Srinivasa Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 4,900 per sq.ft, the total stamp duty would be Rs 3,43,000.