Guideline Value

Corporate

Guideline Value for THIRUMANGALAM ROAD 2nd STREET

₹8200/sq.ft.

The guideline value for Thirumangalam Road 2nd 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 2nd Street

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THIRUMANGALAM ROAD 2nd STREET guideline value

The current guideline value of THIRUMANGALAM ROAD 2nd STREET is Rs 8,200 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 II Type - I.

How the guideline value of THIRUMANGALAM ROAD 2nd STREET has changed

The guideline value for THIRUMANGALAM ROAD 2nd STREET has undergone several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 7,500 per sq.ft in 2012, marking a rise of 317%. However, it then decreased to Rs 5,025 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 7,500 per sq.ft in 2023, followed by another rise to the current value of Rs 8,200 per sq.ft in 2024, reflecting a change of 9%.

Overall, from 2007 to 2024, the guideline value has increased by 356%. The revisions for the years 2002 and 2003 do not have any figures available 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, making the current value of THIRUMANGALAM ROAD 2nd STREET above that median.

Stamp duty and registration fee for property in THIRUMANGALAM ROAD 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, making the total fees together Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers THIRUMANGALAM ROAD 2nd STREET?

The Sub Registrar Office that covers THIRUMANGALAM ROAD 2nd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 crucial factor in the registration of property transactions in Villivakkam. When buying or selling a property, the guideline value serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of THIRUMANGALAM ROAD 2nd STREET?

The current guideline value of THIRUMANGALAM ROAD 2nd STREET is Rs 8,200 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 1,800 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 356% over the years.

What is the land classification for THIRUMANGALAM ROAD 2nd STREET?

THIRUMANGALAM ROAD 2nd STREET is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

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.

Where is the Sub Registrar Office for THIRUMANGALAM ROAD 2nd STREET located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.