Guideline Value for THANGAM COLONY "PILLAIYAR KOIL STREET"

Thangam Colony "pillaiyar Koil Street" guideline value

The current guideline value for Thangam Colony "pillaiyar Koil 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 Street" has changed

The guideline value for Thangam Colony "pillaiyar Koil Street" has seen several revisions over the years. In 2007, the guideline value was Rs 1,750 per sq.ft, which increased significantly to Rs 11,000 per sq.ft by 2012, marking a rise of 529%. However, between 2012 and 2017, the value dropped to Rs 7,370 per sq.ft, a decrease of 33%. The value then rose again to Rs 11,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 12,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 591%.

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 "pillaiyar Koil Street" is above this median.

• THANGAM COLONY " PILLAIYAR KOIL 3rd STREET": Rs 12,100 per sq.ft (2024)
• Thangam Colony "vivekanandar Street": Rs 12,100 per sq.ft (2024)
• THANGAM COLONY " PILLAIYAR KOIL 2nd STREET': Rs 12,100 per sq.ft (2024)
• Thangam Colony "church Road": Rs 12,100 per sq.ft (2024)
• Thangam Colony "church Cross Street": Rs 12,100 per sq.ft (2024)
• Thangam Colony "adhi Sankarar Street": Rs 12,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thangam Colony "pillaiyar Koil 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. Please note that duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangam Colony "pillaiyar Koil Street"?

The Sub Registrar Office that covers Thangam Colony "pillaiyar Koil Street" 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

When buying or selling property in Villivakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is often used as a benchmark for the minimum price at which a property can be registered, ensuring that the government receives the appropriate taxes on property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it may influence negotiations and the final sale price. The registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Thangam Colony "pillaiyar Koil Street"?

The current guideline value for Thangam Colony "pillaiyar Koil 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 from Rs 1,750 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, reflecting an overall increase of 591% over this period.

What is the land classification for Thangam Colony "pillaiyar Koil Street"?

Thangam Colony "pillaiyar Koil Street" is classified as Residential Class I Type - II.

Where is the Sub Registrar Office for Thangam Colony "pillaiyar Koil Street" located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).

How is the stamp duty calculated for properties in Thangam Colony "pillaiyar Koil Street"?

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