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Guideline Value

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Guideline Value for THIRUVALLUVAR KUDIYIRUPPU 23rd STREET

₹8200/sq.ft.

The guideline value for Thiruvalluvar Kudiyiruppu 23rd 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 ₹5000 /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 Thiruvalluvar Kudiyiruppu 23rd Street

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THIRUVALLUVAR KUDIYIRUPPU 23rd STREET guideline value

The current guideline value of THIRUVALLUVAR KUDIYIRUPPU 23rd 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 THIRUVALLUVAR KUDIYIRUPPU 23rd STREET has changed

Since the 2007 revision, the guideline value for THIRUVALLUVAR KUDIYIRUPPU 23rd STREET has seen significant changes. In 2007, the value was Rs 5,000 per sq.ft, which increased to Rs 7,500 per sq.ft in 2012, marking a 50% rise. However, the value then decreased to Rs 5,025 per sq.ft in 2017, representing a decrease of 33%. The value rebounded to Rs 7,500 per sq.ft in 2023, and subsequently increased to Rs 8,200 per sq.ft in 2024, reflecting a 9% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002 and 2003 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, with a median value of Rs 4,900 per sq.ft. The guideline value for THIRUVALLUVAR KUDIYIRUPPU 23rd STREET is above this median.

Stamp duty and registration fee for property in THIRUVALLUVAR KUDIYIRUPPU 23rd 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, totaling 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers THIRUVALLUVAR KUDIYIRUPPU 23rd STREET?

The THIRUVALLUVAR KUDIYIRUPPU 23rd STREET is covered by 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 crucial factor in the registration process when buying or selling property in Villivakkam. It determines the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is in accordance with legal requirements and reflects the true value of the property.

Frequently asked questions

What is the current guideline value of THIRUVALLUVAR KUDIYIRUPPU 23rd STREET?

The current guideline value of THIRUVALLUVAR KUDIYIRUPPU 23rd 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 from Rs 5,000 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 64% over the years.

What is the stamp duty for properties in THIRUVALLUVAR KUDIYIRUPPU 23rd STREET?

The stamp duty for properties in THIRUVALLUVAR KUDIYIRUPPU 23rd STREET is 7% of the guideline value or the sale price, whichever is higher.

Where is the Villivakkam Sub Registrar Office located?

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

What is the land classification for THIRUVALLUVAR KUDIYIRUPPU 23rd STREET?

THIRUVALLUVAR KUDIYIRUPPU 23rd STREET is classified as Residential Class II Type - I.