Guideline Value

Corporate

Guideline Value for THIRUMANGALAM ROAD 1st STREET

₹8200/sq.ft.

The guideline value for Thirumangalam Road 1st Street in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 8200 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹8200 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /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 Thirumangalam Road 1st Street

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THIRUMANGALAM ROAD 1st STREET guideline value

The current guideline value of THIRUMANGALAM ROAD 1st STREET is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of THIRUMANGALAM ROAD 1st STREET has changed

Over the years, the guideline value for THIRUMANGALAM ROAD 1st STREET has seen significant changes. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased to Rs 7,500 per sq.ft in 2012. However, there was a decrease to Rs 5,025 per sq.ft in 2017. The value rose sharply to Rs 7,500 per sq.ft in 2023, and currently stands at Rs 8,200 per sq.ft from the 2024 revision, reflecting a 9% increase from the previous year.

From 2007 to 2024, the overall change in the guideline value is an increase of 356%. The revisions for the years 2002 and 2003 do not provide any figures for this street in the register.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO carrying 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. THIRUMANGALAM ROAD 1st STREET's 2024 figure is above this median.

Stamp duty and registration fee for property in THIRUMANGALAM ROAD 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty, calculated at 7%, would amount to Rs 5,74,000, while the registration fee at 2% would be Rs 1,64,000. Together, the total cost for stamp duty and registration fee would be Rs 7,38,000. 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 precise calculations.

Which Sub Registrar Office covers THIRUMANGALAM ROAD 1st STREET?

The THIRUMANGALAM ROAD 1st 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 the registration process for property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with local regulations. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of THIRUMANGALAM ROAD 1st STREET?

The current guideline value of THIRUMANGALAM ROAD 1st STREET is Rs 8,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,800 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 356% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000 and the registration fee would be Rs 1,64,000, totaling Rs 7,38,000.

Which office handles registrations for THIRUMANGALAM ROAD 1st STREET?

The Villivakkam Sub Registrar Office handles registrations for THIRUMANGALAM ROAD 1st STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded correctly in accordance with local regulations.