Guideline Value

Corporate

Guideline Value for PATEL ST (WEST)

₹935/sq.ft.

The guideline value for Patel St (west) in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 935 per sq.ft, effective 1 July 2024. It was Rs 850 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹935 /sq.ft.
From 1-4-2023 ₹850 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹569 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹850 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Patel St (west)

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Patel St (West) guideline value

The current guideline value of Patel St (West) in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Patel St (West) has changed

Looking at the revisions, the guideline value for Patel St (West) has seen several changes over the years. In the 2012 revision, the value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 850 per sq.ft, marking a 49% rise, followed by another increase to Rs 935 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 reflects an increase of 10% in the guideline value.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, which is equal to the guideline value for Patel St (West).

Stamp duty and registration fee for property in Patel St (West)

For a 1,000 sq.ft plot at the current rate of Rs 935 per sq.ft, the guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Patel St (West)?

The Sub Registrar Office that covers Patel St (West) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vilingiyambakkam. During the registration process, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It ensures that the property is valued accurately for legal and taxation purposes.

When a property is sold, the guideline value helps in establishing a baseline for the sale price, ensuring that the transaction aligns with the prevailing market conditions as recognized by the Registration Department. This process is essential for maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Patel St (West)?

The current guideline value of Patel St (West) is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 850 per sq.ft in 2023 to Rs 935 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Patel St (West)?

Patel St (West) is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Patel St (West)?

The Avadi Sub Registrar Office covers Patel St (West), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,35,000, the stamp duty at 7% would be Rs 65,450.