Guideline Value for TAGOORE ST

Tagoore St guideline value

The current guideline value of Tagoore St in Vilingiyambakkam village is Rs 1,310 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class III Type - I.

How the guideline value of Tagoore St has changed

The guideline value for Tagoore St has seen several revisions over the years. The earliest recorded value was Rs 1,200 per sq.ft in 2012. This value decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then further rose to Rs 1,310 per sq.ft in 2024. The register has no figure for the years 2002, 2003, and 2007.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 was an increase of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Tagoore St's 2024 figure above this median.

• Tamilannai St: Rs 800 per sq.ft (2024)
• Surigandhi St: Rs 935 per sq.ft (2024)
• Sundar St: Rs 1,310 per sq.ft (2024)
• Thamarai St: Rs 935 per sq.ft (2024)
• Sundarambal St: Rs 935 per sq.ft (2024)
• Thazhampoo St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Tagoore St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value would be Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, making the total cost for these fees Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tagoore St?

The Tagoore St falls under the Avadi Sub Registrar Office located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Tagoore St?

The current guideline value of Tagoore St is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What is the land classification for Tagoore St?

Tagoore St is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Tagoore St?

The Sub Registrar Office covering Tagoore St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Tagoore St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,310 per sq.ft, the stamp duty would be calculated accordingly.