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Guideline Value

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Guideline Value for THANGAM COLONY "30th STREET"

₹12100/sq.ft.

The guideline value for Thangam Colony "30th 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 "30th Street"

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THANGAM COLONY "30th STREET" guideline value

The current guideline value for THANGAM COLONY "30th 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 "30th STREET" has changed

The guideline value for THANGAM COLONY "30th STREET" has experienced several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased significantly to Rs 11,000 per sq.ft in 2012, marking a rise of 529%. However, the value then decreased to Rs 7,370 per sq.ft in 2017, showing a decline of 33%. The value saw a substantial increase again to Rs 11,000 per sq.ft in 2023, and most recently, it rose to Rs 12,100 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 591%. The register does not contain 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. The median guideline value in the village is Rs 4,900 per sq.ft, placing THANGAM COLONY "30th STREET" above this median.

Stamp duty and registration fee for property in THANGAM COLONY "30th STREET"

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value would be Rs 1,21,00,000. The stamp duty at 7% would amount to Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total cost for these fees to Rs 10,89,000. It is important to note that the 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 THANGAM COLONY "30th STREET"?

THANGAM COLONY "30th 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 details.

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 stamp duty and registration fees applicable to the property transaction.

When registering a property, the authorities will assess the guideline value to ensure that the transaction is in compliance with local regulations. Buyers and sellers must be aware of these values to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of THANGAM COLONY "30th STREET"?

The current guideline value of THANGAM COLONY "30th 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 an overall increase of 591% over the years.

What is the land classification of THANGAM COLONY "30th STREET"?

THANGAM COLONY "30th 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 properties in THANGAM COLONY "30th STREET"?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,21,00,000, the stamp duty would be Rs 8,47,000 at 7%.