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Guideline Value

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Guideline Value for VAIGAI COLONY 1 to 7 STREET

₹9800/sq.ft.

The guideline value for Vaigai Colony 1 To 7 Street in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 9800 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹9800 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Vaigai Colony 1 To 7 Street

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VAIGAI COLONY 1 to 7 STREET guideline value

The current guideline value for VAIGAI COLONY 1 to 7 STREET in Villivakkam village, under the Villivakkam SRO, is Rs 9,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of VAIGAI COLONY 1 to 7 STREET has changed

The guideline value for VAIGAI COLONY 1 to 7 STREET has seen several revisions over the years. The 2012 revision set the value at Rs 9,000 per sq.ft, which was then reduced to Rs 6,030 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 9,000 per sq.ft in the 2023 revision, and further rose to Rs 9,800 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From the 2017 to 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 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. VAIGAI COLONY 1 to 7 STREET's 2024 guideline value is above this median.

Stamp duty and registration fee for property in VAIGAI COLONY 1 to 7 STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 9,800 per sq.ft, the total guideline value would be Rs 98,00,000. The stamp duty at 7% would amount to Rs 6,86,000, and the registration fee at 2% would be Rs 1,96,000. Together, the total cost for these fees would be Rs 8,82,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VAIGAI COLONY 1 to 7 STREET?

The VAIGAI COLONY 1 to 7 STREET is covered by 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 additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of VAIGAI COLONY 1 to 7 STREET?

The current guideline value of VAIGAI COLONY 1 to 7 STREET is Rs 9,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,000 per sq.ft in 2012 to Rs 6,030 per sq.ft in 2017, then increased to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,800 per sq.ft in 2024.

What is the land classification for VAIGAI COLONY 1 to 7 STREET?

VAIGAI COLONY 1 to 7 STREET is classified as Residential Class I Type - III.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 98,00,000, the stamp duty would be Rs 6,86,000 and the registration fee would be Rs 1,96,000, totaling Rs 8,82,000.

Where is the Sub Registrar Office for VAIGAI COLONY 1 to 7 STREET located?

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