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Guideline Value

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Guideline Value for THIRUVALLUVAR KUDIYIRUPPU 24th STREET

₹8200/sq.ft.

The guideline value for Thiruvalluvar Kudiyiruppu 24th 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 24th Street

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THIRUVALLUVAR KUDIYIRUPPU 24th STREET guideline value

The current guideline value for THIRUVALLUVAR KUDIYIRUPPU 24th 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 24th STREET has changed

The guideline value for THIRUVALLUVAR KUDIYIRUPPU 24th STREET has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 5,000 per sq.ft, which increased by 50% to Rs 7,500 per sq.ft in 2012. However, it then decreased by 33% to Rs 5,025 per sq.ft in 2017. The 2023 revision marked a significant increase of 49%, raising the value to Rs 7,500 per sq.ft. Finally, the current 2024 revision sets the guideline value at Rs 8,200 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Villivakkam

In Villivakkam, there are a total of 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 value is Rs 4,900 per sq.ft, placing THIRUVALLUVAR KUDIYIRUPPU 24th STREET above this median.

Stamp duty and registration fee for property in THIRUVALLUVAR KUDIYIRUPPU 24th 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, together 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 precise calculations.

Which Sub Registrar Office covers THIRUVALLUVAR KUDIYIRUPPU 24th STREET?

The Sub Registrar Office that covers THIRUVALLUVAR KUDIYIRUPPU 24th 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 details.

How the guideline value is used when you buy or sell in Villivakkam

The guideline value plays a crucial role in the registration process of property transactions in Villivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, it is essential to be aware of the current guideline value as it directly affects the overall cost of registration. Buyers should ensure they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of THIRUVALLUVAR KUDIYIRUPPU 24th STREET?

The current guideline value of THIRUVALLUVAR KUDIYIRUPPU 24th 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, marking an overall increase of 64% over the years.

What is the land classification for THIRUVALLUVAR KUDIYIRUPPU 24th STREET?

THIRUVALLUVAR KUDIYIRUPPU 24th STREET is classified as Residential Class II Type - I.

Where can I find the Villivakkam Sub Registrar Office?

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

How is the stamp duty calculated for properties in Villivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000 at 7%.