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Guideline Value

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Guideline Value for THANGAM COLONY "CHURCH ROAD"

₹12100/sq.ft.

The guideline value for Thangam Colony "church Road" 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 "church Road"

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Thangam Colony "church Road" guideline value

The current guideline value for Thangam Colony "church Road" is Rs 12,100 per sq.ft, effective from 1 July 2024. This area 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 "church Road" has changed

The guideline value for Thangam Colony "church Road" has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,750 per sq.ft. This increased significantly to Rs 11,000 per sq.ft in 2012, marking a rise of 529%. However, from 2012 to 2017, the value decreased to Rs 7,370 per sq.ft, a decline of 33%. The value then saw a substantial increase to Rs 11,000 per sq.ft in 2023, followed by the latest revision to Rs 12,100 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been an increase of 591%. Notably, 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 value of Rs 4,900 per sq.ft. The guideline value for Thangam Colony "church Road" is above this median.

Stamp duty and registration fee for property in Thangam Colony "church Road"

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, leading to a total of Rs 10,89,000. It's 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 detailed calculations.

Which Sub Registrar Office covers Thangam Colony "church Road"?

The Sub Registrar Office that covers Thangam Colony "church Road" is 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 a critical factor in property transactions in Villivakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Additionally, the guideline value serves as a reference point for both buyers and sellers in the market, providing transparency in property transactions. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Thangam Colony "church Road"?

The current guideline value for Thangam Colony "church Road" 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 stamp duty for property in Thangam Colony "church Road"?

The stamp duty for property in Thangam Colony "church Road" is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Thangam Colony "church Road" located?

The Sub Registrar Office covering Thangam Colony "church Road" is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values for other streets in Villivakkam?

Other streets in Villivakkam have varying guideline values, with some streets in Thangam Colony also valued at Rs 12,100 per sq.ft as of 2024.