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Guideline Value

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Guideline Value for THANGAM COLONY " PILLAIYAR KOIL 2nd STREET'

₹12100/sq.ft.

The guideline value for Thangam Colony " Pillaiyar Koil 2nd Street' in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 12100 per sq.ft, effective 1 July 2024. It was Rs 11000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹12100 /sq.ft.
From 1-4-2023 ₹11000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7370 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /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 Thangam Colony " Pillaiyar Koil 2nd Street'

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THANGAM COLONY " PILLAIYAR KOIL 2nd STREET' guideline value

The current guideline value of THANGAM COLONY " PILLAIYAR KOIL 2nd STREET' is Rs 12,100 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of THANGAM COLONY " PILLAIYAR KOIL 2nd STREET' has changed

The guideline value for THANGAM COLONY " PILLAIYAR KOIL 2nd STREET' has seen several revisions over the years. In 2007, the guideline value was Rs 1,750 per sq.ft. This increased significantly to Rs 11,000 per sq.ft in 2012, marking a substantial rise of 529%. However, in 2017, the value decreased to Rs 7,370 per sq.ft, a drop of 33%. The value then rose sharply to Rs 11,000 per sq.ft in 2023, followed by another increase to the current value of Rs 12,100 per sq.ft in 2024, which is a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 591%. The register has no figures 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 of Rs 4,900 per sq.ft. The guideline value of THANGAM COLONY " PILLAIYAR KOIL 2nd STREET' is above this median, indicating its relative standing in the area.

Stamp duty and registration fee for property in THANGAM COLONY " PILLAIYAR KOIL 2nd STREET'

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value amounts to Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total to Rs 10,89,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THANGAM COLONY " PILLAIYAR KOIL 2nd STREET'?

The Sub Registrar Office that covers THANGAM COLONY " PILLAIYAR KOIL 2nd STREET' 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 plays a crucial role in the registration process when buying or selling property 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 through stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which ensures that the transaction is fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of THANGAM COLONY " PILLAIYAR KOIL 2nd STREET'?

The current guideline value of THANGAM COLONY " PILLAIYAR KOIL 2nd STREET' is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, moving from Rs 1,750 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, marking an overall increase of 591% over the years.

What is the land classification for THANGAM COLONY " PILLAIYAR KOIL 2nd STREET'?

THANGAM COLONY " PILLAIYAR KOIL 2nd STREET' is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Villivakkam Sub Registrar Office covers THANGAM COLONY " PILLAIYAR KOIL 2nd STREET' and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,21,00,000, the total fees would amount to Rs 10,89,000.