Guideline Value

Corporate

Guideline Value for HIGH COURT COLONY MAIN ROAD

₹4400/sq.ft.

The guideline value for High Court Colony Main Road 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 Main Road

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High Court Colony Main Road guideline value

The current guideline value of High Court Colony Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for High Court Colony Main Road has seen significant revisions over the years. In 2002, the guideline value was Rs 529 per sq.ft, which increased to Rs 605 per sq.ft in 2003. Following this, the value rose to Rs 950 per sq.ft in 2007, and then saw a substantial increase to Rs 4,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft. The guideline value then increased to Rs 4,000 per sq.ft in 2023 before reaching the current rate of Rs 4,400 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2002 to 2024, there was an overall increase of 732%. The jump from 2017 to 2023 was 49%, while the increase from 2023 to 2024 was 10%. Notably, the value increased dramatically from 2007 to 2012 by 321% and from 2003 to 2007 by 57%. The register has no figure for the years not listed.

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 guideline value in this area is Rs 4,900 per sq.ft, making the 2024 figure for High Court Colony Main Road below that median.

Stamp duty and registration fee for property in High Court Colony Main Road

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, charged at 7%, would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees total Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers High Court Colony Main Road?

The High Court Colony Main Road 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). To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Villivakkam. It serves as a reference point for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware of the guideline value to understand their financial obligations during the purchase.

Frequently asked questions

What is the current guideline value of High Court Colony Main Road?

The current guideline value of High Court Colony Main Road 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 significantly, with an overall increase of 732% from 2002 to 2024. The most recent increase was from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024.

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 office handles registrations for High Court Colony Main Road?

The Villivakkam Sub Registrar Office handles registrations for High Court Colony Main Road. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined for properties in Villivakkam?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and previous revisions. It is used to calculate the stamp duty and registration fees during property transactions.