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Guideline Value

Corporate

Guideline Value for SIDCO NAGAR 2nd MAIN ROAD

₹5500/sq.ft.

The guideline value for Sidco Nagar 2nd 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 2nd Main Road

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SIDCO NAGAR 2nd MAIN ROAD guideline value

The current guideline value of SIDCO NAGAR 2nd MAIN ROAD is Rs 5,500 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 III Type - I.

How the guideline value of SIDCO NAGAR 2nd MAIN ROAD has changed

The guideline value for SIDCO NAGAR 2nd MAIN ROAD has seen several revisions over the years. In 2007, the guideline value was Rs 1,450 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this value dropped to Rs 3,350 per sq.ft in 2017. Following this, the value rose sharply to Rs 5,000 per sq.ft in 2023 and is now Rs 5,500 per sq.ft in 2024. The overall change from 2007 to 2024 is an increase of 279%.

Between the revisions, the most notable changes include a 245% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then surged by 49% from 2017 to 2023 and has increased by 10% from 2023 to 2024. It is important to note that there are no figures for the years 2002 and 2003 in the register for this street.

Guideline values in Villivakkam

In Villivakkam, there are a total of 372 streets under the Villivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing SIDCO NAGAR 2nd MAIN ROAD above the median at Rs 5,500 per sq.ft.

Stamp duty and registration fee for property in SIDCO NAGAR 2nd 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 would be 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, making the total charges 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SIDCO NAGAR 2nd MAIN ROAD?

The Sub Registrar Office that covers SIDCO NAGAR 2nd MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Villivakkam. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers should be aware that the guideline value is used to determine the taxes payable, which is essential for a smooth transaction.

When registering a property, the guideline value ensures that the property is valued fairly for tax purposes. This value is particularly important as it affects the overall costs associated with buying or selling property in the area.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 2nd MAIN ROAD?

The current guideline value of SIDCO NAGAR 2nd 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 was the guideline value in 2017?

The guideline value for SIDCO NAGAR 2nd MAIN ROAD in 2017 was Rs 3,350 per sq.ft.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office located for this area?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.