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Guideline Value

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Guideline Value for THANGAM COLONY " PILLAIYAR KOIL 3rd STREET"

₹12100/sq.ft.

The guideline value for Thangam Colony " Pillaiyar Koil 3rd 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 3rd Street"

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THANGAM COLONY " PILLAIYAR KOIL 3rd STREET" guideline value

The current guideline value for THANGAM COLONY " PILLAIYAR KOIL 3rd STREET" is Rs 12,100 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 I Type - II.

How the guideline value of THANGAM COLONY " PILLAIYAR KOIL 3rd STREET" has changed

The guideline value for this street has seen several revisions over the years. The 2007 revision set the value at Rs 1,750 per sq.ft. This increased significantly to Rs 11,000 per sq.ft in the 2012 revision, marking a substantial rise of 529%. However, the value decreased to Rs 7,370 per sq.ft in the 2017 revision, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 11,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 12,100 per sq.ft, which is a 10% increase from 2023.

There are no figures available in the register for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 591%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value is Rs 4,900 per sq.ft, which means that THANGAM COLONY " PILLAIYAR KOIL 3rd STREET" is above this median.

Stamp duty and registration fee for property in THANGAM COLONY " PILLAIYAR KOIL 3rd 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, totaling 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 3rd STREET"?

THANGAM COLONY " PILLAIYAR KOIL 3rd STREET" falls under 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 information.

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

The guideline value is an essential factor in property transactions in Villivakkam, as it serves as a benchmark for determining the stamp duty and registration fees. When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for THANGAM COLONY " PILLAIYAR KOIL 3rd STREET"?

The current guideline value for THANGAM COLONY " PILLAIYAR KOIL 3rd 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 from Rs 1,750 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, marking a total increase of 591% over the years.

What is the land classification for this street?

THANGAM COLONY " PILLAIYAR KOIL 3rd STREET" is classified as Residential Class I Type - II.

Where can I find the Villivakkam Sub Registrar Office?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 8,47,000 at 7%.