Guideline Value

Corporate

Guideline Value for THIRU NAGAR (T.N.H.B.PHASE-III)

₹4900/sq.ft.

The guideline value for Thiru Nagar (t.n.h.b.phase-iii) in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹655 /sq.ft.
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 Thiru Nagar (t.n.h.b.phase-iii)

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Thiru Nagar (T.N.H.B.Phase-III) guideline value

The current guideline value of Thiru Nagar (T.N.H.B.Phase-III) is Rs 4,900 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 III Type - II.

How the guideline value of Thiru Nagar (T.N.H.B.Phase-III) has changed

The guideline value for Thiru Nagar has seen several revisions over the years. In 2003, the value was Rs 655 per sq.ft, which increased to Rs 1,750 per sq.ft in 2007. Following that, it rose significantly to Rs 4,500 per sq.ft in 2012, before decreasing to Rs 3,015 per sq.ft in 2017. The value then surged to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft as of the 2024 revision. Notably, there is no figure for this street in the 2002 revision.

Between the revisions, the changes were as follows: from 2003 to 2007, the value increased by 167%. However, from 2012 to 2017, it saw a decline of 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has risen by 648%.

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 guideline value is Rs 4,900 per sq.ft, which is equal to the current value of Thiru Nagar (T.N.H.B.Phase-III).

Stamp duty and registration fee for property in Thiru Nagar (T.N.H.B.Phase-III)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Nagar (T.N.H.B.Phase-III)?

The Sub Registrar Office that covers Thiru Nagar (T.N.H.B.Phase-III) 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 during property transactions in Villivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The registration process mandates that the property must be valued at the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thiru Nagar (T.N.H.B.Phase-III)?

The current guideline value of Thiru Nagar (T.N.H.B.Phase-III) is Rs 4,900 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 655 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 648% over this period.

What is the land classification of Thiru Nagar (T.N.H.B.Phase-III)?

Thiru Nagar (T.N.H.B.Phase-III) is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Thiru Nagar?

The Villivakkam Sub Registrar Office covers Thiru Nagar and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Thiru Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty at 7% would be Rs 3,43,000.