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Guideline Value

Corporate

Guideline Value for GEETHANJALI FLATS (7th AVENUE)

₹13200/sq.ft.

The guideline value for Geethanjali Flats (7th Avenue) in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹11000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1750 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1250 /sq.ft.
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 Geethanjali Flats (7th Avenue)

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GEETHANJALI FLATS (7th AVENUE) guideline value

The current guideline value of GEETHANJALI FLATS (7th AVENUE) is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of GEETHANJALI FLATS (7th AVENUE) has changed

The guideline value for GEETHANJALI FLATS (7th AVENUE) has seen several revisions over the years. In 2002, the value was Rs 1,250 per sq.ft, which increased to Rs 1,750 per sq.ft in 2003, marking a 40% increase. The value then rose significantly to Rs 11,000 per sq.ft in 2007, a staggering increase of 529%. Following that, the value was revised to Rs 12,000 per sq.ft in 2012, which was a decrease of 33%. In 2017, the value climbed to Rs 8,040 per sq.ft, and then it surged to Rs 12,000 per sq.ft in 2023, before reaching the current figure of Rs 13,200 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 956%. The revisions for the years 2012, 2017, 2023, and 2024 reflect significant fluctuations, with the 2023 to 2024 revision showing a 10% increase, while the 2017 to 2023 revision indicated a 49% increase.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value is Rs 4,900 per sq.ft, placing the guideline value of GEETHANJALI FLATS (7th AVENUE) above this median.

Stamp duty and registration fee for property in GEETHANJALI FLATS (7th AVENUE)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers GEETHANJALI FLATS (7th AVENUE)?

The Sub Registrar Office that covers GEETHANJALI FLATS (7th 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 plays a crucial role in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the buyer is required to 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 in the area.

Frequently asked questions

What is the current guideline value of GEETHANJALI FLATS (7th AVENUE)?

The current guideline value of GEETHANJALI FLATS (7th AVENUE) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,250 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, representing an overall increase of 956%.

What is the land classification of GEETHANJALI FLATS (7th AVENUE)?

GEETHANJALI FLATS (7th AVENUE) is classified as Residential Class I Type - I.

Where is the Villivakkam Sub Registrar Office located?

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

How is stamp duty calculated for properties in Villivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.