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Guideline Value

Corporate

Guideline Value for BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE

₹1650/sq.ft.

The guideline value for Babu Chetty Kalyanamandapam To Meenakshi Theatre in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Babu Chetty Kalyanamandapam To Meenakshi Theatre

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BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE guideline value

The current guideline value for the stretch from BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Commercial Class I Type - I.

How the guideline value of BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE has changed

The guideline value for this area has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. In 2023, the value increased to Rs 1,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2023 to 2024 change represents a 10% increase, while the 2017 to 2023 period saw a significant rise of 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, placing the current value of Rs 1,650 per sq.ft for this street above the median.

Stamp duty and registration fee for property in BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total charges to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE?

The Sub Registrar Office that covers this area is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vilingiyambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE?

The current guideline value for the stretch from BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024. This shows fluctuations in the value over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total charges would amount to Rs 1,48,500.

Which Sub Registrar Office covers this area?

The Avadi Sub Registrar Office covers the area from BABU CHETTY KALYANAMANDAPAM to MEENAKSHI THEATRE, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the correct amount of revenue is collected by the government based on the higher of the guideline value or the sale price.