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Guideline Value

Corporate

Guideline Value for SIDCO NAGAR (COMMERCIAL SIDE-MAIN ROAD)

₹5500/sq.ft.

The guideline value for Sidco Nagar (commercial Side-main Road) in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1450 /sq.ft.
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)

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 Sidco Nagar (commercial Side-main Road)

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Sidco Nagar (Commercial Side-Main Road) guideline value

The current guideline value for Sidco Nagar (Commercial Side-Main Road) is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sidco Nagar (Commercial Side-Main Road) has changed

The guideline value for Sidco Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,450 per sq.ft. This value increased significantly to Rs 5,000 per sq.ft in 2012, marking a 245% rise. However, the value then decreased to Rs 3,350 per sq.ft in 2017, which is a 33% drop. Following this, the value rose sharply to Rs 5,000 per sq.ft in 2023, and further increased to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

Between 2017 and 2023, the value rose by 49%. Overall, from 2007 to 2024, the guideline value has increased by 279%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

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 Sidco Nagar (Commercial Side-Main Road) is above this median.

Stamp duty and registration fee for property in Sidco Nagar (Commercial Side-Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sidco Nagar (Commercial Side-Main Road)?

The Sub Registrar Office that covers Sidco Nagar 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 more information.

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

When buying or selling property in Villivakkam, the guideline value is a critical factor in determining the stamp duty and registration fees. The authorities calculate these fees based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is registered accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. This value is regularly updated, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value for Sidco Nagar?

The current guideline value for Sidco Nagar (Commercial Side-Main Road) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,450 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 279% over the years.

What are the other streets in Villivakkam with the same guideline value?

Other streets in Villivakkam with the same guideline value of Rs 5,500 per sq.ft include SIDCO NAGAR 9th STREET, Sidco Nagar Industraial Estate & Estate Road, SIDCO NAGAR 8th STREET, SIDCO NAGAR 7th STREET, Sidco Nagar Ist Street, and SIDCO NAGAR 6th STREET.

Where can I find the Sub Registrar Office for Sidco Nagar?

The Sub Registrar Office for Sidco Nagar is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Sidco Nagar?

Stamp duty for properties in Sidco Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.