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Guideline Value

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Guideline Value for SIDCO NAGAR (THNB PHASE-I) (RESIDENTIAL FLATS)

₹5500/sq.ft.

The guideline value for Sidco Nagar (thnb Phase-i) (residential Flats) 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 ₹950 /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 (thnb Phase-i) (residential Flats)

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Sidco Nagar (Thnb Phase-I) (Residential Flats) guideline value

The current guideline value for Sidco Nagar (Thnb Phase-I) (Residential Flats) is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Villivakkam village, under the Villivakkam SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Sidco Nagar (Thnb Phase-I) (Residential Flats) has changed

The guideline value for Sidco Nagar has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 950 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a 426% rise. However, it then decreased to Rs 3,350 per sq.ft in 2017, representing a 33% drop. The value then surged to Rs 5,000 per sq.ft in 2023, and subsequently to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. The overall change from the 2007 revision to the current 2024 revision shows a substantial increase of 479%. Notably, there are no figures recorded for the years 2002 and 2003 for this street in the register.

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 is Rs 4,900 per sq.ft, making the current value for Sidco Nagar (Thnb Phase-I) (Residential Flats) above this median.

Stamp duty and registration fee for property in Sidco Nagar (Thnb Phase-I) (Residential Flats)

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, resulting in a total of Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sidco Nagar (Thnb Phase-I) (Residential Flats)?

The Sub Registrar Office that covers Sidco Nagar (Thnb Phase-I) (Residential Flats) 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

The guideline value is a crucial factor in the registration process of property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value for Sidco Nagar (Thnb Phase-I) (Residential Flats)?

The current guideline value for Sidco Nagar (Thnb Phase-I) (Residential Flats) 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 950 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing an overall increase of 479% over the years.

What is the land classification for Sidco Nagar (Thnb Phase-I)?

Sidco Nagar (Thnb Phase-I) falls under the Residential Class III Type - I land classification.

Where is the Sub Registrar Office for Sidco Nagar located?

The Sub Registrar Office for Sidco Nagar is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at 7%.