Guideline Value

Corporate

Guideline Value for THIRUMOOLAR COLONY

₹8200/sq.ft.

The guideline value for Thirumoolar Colony 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 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1590 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1391 /sq.ft.
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 Thirumoolar Colony

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Thirumoolar Colony guideline value

The current guideline value of Thirumoolar Colony is Rs 8,200 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 II Type - I.

How the guideline value of Thirumoolar Colony has changed

The guideline value for Thirumoolar Colony has undergone several revisions over the years. The earliest recorded figure is from 2002, at Rs 1,391 per sq.ft. This increased to Rs 1,590 per sq.ft in 2003, marking a rise of 14%. The value saw a further increase of 10% to Rs 1,750 per sq.ft in 2007. In 2012, the guideline value rose significantly to Rs 7,500 per sq.ft, reflecting a 329% increase from the previous figure. However, it then dropped to Rs 5,025 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value surged to Rs 7,500 per sq.ft, which is a notable increase of 49%. The most recent revision in 2024 set the value at Rs 8,200 per sq.ft, an increase of 9% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 490%. There are no figures for any other years for this street.

Guideline values in Villivakkam

Villivakkam has a total of 372 streets under the Villivakkam SRO, with guideline values for 2024 ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value for the village is Rs 4,900 per sq.ft, placing Thirumoolar Colony's 2024 figure above this median.

Stamp duty and registration fee for property in Thirumoolar Colony

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, while the registration fee at 2% would be Rs 1,64,000, resulting in a total of Rs 7,38,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumoolar Colony?

The Sub Registrar Office covering Thirumoolar Colony is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 when registering property transactions in Villivakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential to verify the current guideline value before proceeding with any property dealings in the area.

Frequently asked questions

What is the current guideline value of Thirumoolar Colony?

The current guideline value of Thirumoolar Colony 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 several times, starting from Rs 1,391 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 490% over this period.

What is the median guideline value in Villivakkam?

The median guideline value for Villivakkam is Rs 4,900 per sq.ft, with Thirumoolar Colony's 2024 figure being above this median.

Where is the Sub Registrar Office for Thirumoolar Colony located?

The Sub Registrar Office for Thirumoolar Colony is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.

How is stamp duty calculated for properties in Thirumoolar Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 5,74,000.