Guideline Value for PIONEER COLONY 7th AVEUNE

PIONEER COLONY 7th AVEUNE guideline value

The current guideline value of PIONEER COLONY 7th AVEUNE is Rs 13,200 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 I Type - I.

How the guideline value of PIONEER COLONY 7th AVEUNE has changed

The guideline value for PIONEER COLONY 7th AVEUNE has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 11,000 per sq.ft. This figure increased to Rs 12,000 per sq.ft in 2012, followed by a decrease to Rs 8,040 per sq.ft in 2017. The value then rose significantly to Rs 12,000 per sq.ft in 2023, before reaching the current value of Rs 13,200 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 20%.

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 the village is Rs 4,900 per sq.ft, placing PIONEER COLONY 7th AVEUNE above this median.

• Pillaiyar Koil Street "thangam Colony": Rs 8,200 per sq.ft (2024)
• Pillaiyar Koil Street "police Station Street": Rs 5,500 per sq.ft (2024)
• Ponni Colony: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 25th STREET: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 26th STREET: Rs 9,800 per sq.ft (2024)
• PONNI COLONY 27th STREET: Rs 9,800 per sq.ft (2024)

Stamp duty and registration fee for property in PIONEER COLONY 7th AVEUNE

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value is Rs 1,32,00,000. The stamp duty, charged at 7%, amounts to Rs 9,24,000, while the registration fee at 2% is Rs 2,64,000, bringing the total fees to Rs 11,88,000. 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 PIONEER COLONY 7th AVEUNE?

The Sub Registrar Office that covers PIONEER COLONY 7th AVEUNE is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate taxes are paid during the registration process, safeguarding the interests of both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of PIONEER COLONY 7th AVEUNE?

The current guideline value of PIONEER COLONY 7th AVEUNE is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, with PIONEER COLONY 7th AVEUNE's value being above this median.

What are the stamp duty and registration fees for properties in PIONEER COLONY 7th AVEUNE?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 9,24,000 and the registration fee is Rs 2,64,000, totaling Rs 11,88,000.

Which office handles property registrations for PIONEER COLONY 7th AVEUNE?

The Villivakkam Sub Registrar Office handles property registrations for PIONEER COLONY 7th AVEUNE, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.