Guideline Value

Corporate

Guideline Value for SRI VADIVAMBIGAI GARDEN

₹248/sq.ft.

The guideline value for Sri Vadivambigai Garden in Kodipallam village (Thiruvottiyur SRO, Chennai zone) is Rs 248 per sq.ft, effective 1 July 2024. It was Rs 226 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodipallam

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹248 /sq.ft.
From 1-4-2023 ₹226 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹151 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹225 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹12 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sri Vadivambigai Garden

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Sri Vadivambigai Garden guideline value

The current guideline value of Sri Vadivambigai Garden is Rs 248 per sq.ft, effective from 1 July 2024. This area is located in Kodipallam village under the Thiruvottiyur SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Vadivambigai Garden has changed

The guideline value for Sri Vadivambigai Garden has undergone several revisions over the years. In 2003, the guideline value was Rs 12 per sq.ft, which saw a significant increase to Rs 225 per sq.ft in 2012. However, it then decreased to Rs 151 per sq.ft in 2017. This was followed by a substantial rise to Rs 226 per sq.ft in 2023, and finally, it reached Rs 248 per sq.ft in the 2024 revision.

From 2003 to 2012, the guideline value increased by 1775%. After a decrease of 33% from 2012 to 2017, the value rose by 50% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 1967%. The register has no figures for the years 2002 and 2007 for this street.

Guideline values in Kodipallam

In Kodipallam, there are 11 streets under the Thiruvottiyur SRO that carry the 2024 guideline value of Rs 248 per sq.ft, with this street's figure matching the median of Rs 248 per sq.ft.

Stamp duty and registration fee for property in Sri Vadivambigai Garden

For a 1,000 sq.ft plot at the current rate of Rs 248 per sq.ft, the guideline value amounts to Rs 2,48,000. The stamp duty at 7% would be Rs 17,360, and the registration fee at 2% would be Rs 4,960, totaling Rs 22,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vadivambigai Garden?

The Sri Vadivambigai Garden area falls under the Thiruvottiyur Sub Registrar Office located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodipallam. 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 may differ from the sale price, and the higher amount will be used to determine the applicable fees.

When a property is sold, the guideline value ensures that the government receives appropriate revenue through stamp duty and registration fees. It is essential for both parties to understand the guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Sri Vadivambigai Garden?

The current guideline value of Sri Vadivambigai Garden is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 12 per sq.ft in 2003 to Rs 248 per sq.ft in 2024, showing an overall increase of 1967% over the years.

What are the stamp duty and registration fees for property in Sri Vadivambigai Garden?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 22,320, based on the current guideline value of Rs 2,48,000.

Which Sub Registrar Office covers the area of Sri Vadivambigai Garden?

The Thiruvottiyur Sub Registrar Office covers Sri Vadivambigai Garden, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for both buyers and sellers to understand this value to ensure accurate fee calculations.