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Guideline Value

Corporate

Guideline Value for Galaxy Apartments (S.No.327)

₹7100/sq.ft.

The guideline value for Galaxy Apartments (s.no.327) in 1. Nolambur village (Villivakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

1. Nolambur

Village

Villivakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

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 Galaxy Apartments (s.no.327)

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Galaxy Apartments (S.No.327) guideline value

The current guideline value for Galaxy Apartments (S.No.327) is Rs 7,100 per sq.ft. It is located in 1. Nolambur village, under the Villivakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Galaxy Apartments (S.No.327) has changed

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision set the value at Rs 4,355 per sq.ft, which rose to Rs 6,500 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further increased the guideline value to Rs 7,100 per sq.ft, representing a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for Galaxy Apartments (S.No.327) is equal to this median.

Stamp duty and registration fee for property in Galaxy Apartments (S.No.327)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty charged at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Galaxy Apartments (S.No.327)?

The Galaxy Apartments (S.No.327) falls under 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 information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value plays a crucial role during the registration of property transactions in 1. Nolambur. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to determine the minimum amount on which the stamp duty is calculated. This ensures that the government receives appropriate revenue from property transactions, reflecting the property's value as per the official register.

Frequently asked questions

What is the current guideline value of Galaxy Apartments (S.No.327)?

The current guideline value of Galaxy Apartments (S.No.327) is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 63%, rising from Rs 4,355 per sq.ft to Rs 7,100 per sq.ft in 2024.

What are the other streets in 1. Nolambur with their guideline values?

In addition to Galaxy Apartments, other streets in 1. Nolambur include Gajalakshmi Nagar Extn at Rs 3,700 per sq.ft, E.V.P. Sriram Nagar at Rs 7,100 per sq.ft, Dr.J.J.Nagar Phase I and II at Rs 8,800 per sq.ft, and Gokulam Phase I and II at Rs 7,100 per sq.ft.

What is the registration office for Galaxy Apartments (S.No.327)?

The registration office for Galaxy Apartments (S.No.327) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in 1. Nolambur?

Stamp duty for properties in 1. Nolambur is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.