Guideline Value

Corporate

Guideline Value for HIGH COURT COLONY 1st STREET

₹4400/sq.ft.

The guideline value for High Court Colony 1st Street in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹950 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹529 /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 High Court Colony 1st Street

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HIGH COURT COLONY 1st STREET guideline value

The current guideline value of HIGH COURT COLONY 1st STREET is Rs 4,400 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 - III.

How the guideline value of HIGH COURT COLONY 1st STREET has changed

The guideline value for HIGH COURT COLONY 1st STREET has seen several revisions over the years. In 2002, the guideline value was Rs 529 per sq.ft, which increased to Rs 950 per sq.ft in 2007. Following this, there was a significant rise to Rs 4,000 per sq.ft in 2012, but it then decreased to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024. Notably, there is no figure available for the year 2003 in the register for this street.

Analyzing the changes, from 2002 to 2007, the guideline value increased by 80%. However, from 2007 to 2012, it saw a substantial rise of 321%. The value then decreased by 33% from 2012 to 2017. After 2017, the value rose by 49% to reach Rs 4,000 per sq.ft in 2023, and it increased by 10% to the current value of Rs 4,400 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 732%.

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 guideline value for these streets is Rs 4,900 per sq.ft, placing HIGH COURT COLONY 1st STREET's 2024 figure below that median.

Stamp duty and registration fee for property in HIGH COURT COLONY 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers HIGH COURT COLONY 1st STREET?

The HIGH COURT COLONY 1st 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). For more information, you can find your SRO.

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

The guideline value is a crucial factor 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 recorded accurately in the official register.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate taxes based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of HIGH COURT COLONY 1st STREET?

The current guideline value of HIGH COURT COLONY 1st STREET is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 529 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 732% over this period.

What is the land classification of HIGH COURT COLONY 1st STREET?

HIGH COURT COLONY 1st STREET is classified as Residential Class III Type - III.

Which Sub Registrar Office covers this street?

The Villivakkam Sub Registrar Office covers HIGH COURT COLONY 1st STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.