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Guideline Value

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Guideline Value for HIGH COURT COLONY 2nd STREET

₹4400/sq.ft.

The guideline value for High Court Colony 2nd 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 ₹605 /sq.ft.
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 2nd Street

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HIGH COURT COLONY 2nd STREET guideline value

The current guideline value for HIGH COURT COLONY 2nd 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 2nd STREET has changed

The guideline value for HIGH COURT COLONY 2nd STREET has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 529 per sq.ft. This increased to Rs 605 per sq.ft in 2003, marking a change of +14%. In 2007, the value saw a significant rise to Rs 950 per sq.ft, an increase of +57%. Following this, the value surged to Rs 4,000 per sq.ft in 2012, reflecting a remarkable change of +321%. However, in 2017, the value decreased to Rs 2,680 per sq.ft, a drop of -33%. The guideline value then increased to Rs 4,000 per sq.ft in 2023, followed by the current figure of Rs 4,400 per sq.ft in 2024, which is a rise of +10%.

There are no figures available for revisions in the years not listed above. The overall change from 2002 to 2024 is +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, with a median value of Rs 4,900 per sq.ft. The guideline value for HIGH COURT COLONY 2nd STREET is below this median.

Stamp duty and registration fee for property in HIGH COURT COLONY 2nd 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 to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers HIGH COURT COLONY 2nd STREET?

The HIGH COURT COLONY 2nd STREET falls under the jurisdiction of the Villivakkam Sub Registrar Office. The address is Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration 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 at a fair value.

When buying or selling a property, the guideline value influences the stamp duty and registration fees payable. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for HIGH COURT COLONY 2nd STREET?

The current guideline value for HIGH COURT COLONY 2nd 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 the years.

What is the land classification for HIGH COURT COLONY 2nd STREET?

HIGH COURT COLONY 2nd STREET is classified as Residential Class III Type - III.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this street?

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