Guideline Value

Corporate

Guideline Value for VALLALAR KUDIYIRUPPU 10th STREET

₹8200/sq.ft.

The guideline value for Vallalar Kudiyiruppu 10th 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 ₹2050 /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 Vallalar Kudiyiruppu 10th Street

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VALLALAR KUDIYIRUPPU 10th STREET guideline value

The current guideline value of VALLALAR KUDIYIRUPPU 10th STREET is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of VALLALAR KUDIYIRUPPU 10th STREET has changed

The guideline value for VALLALAR KUDIYIRUPPU 10th STREET has seen several revisions over the years. In 2007, the guideline value was Rs 2,050 per sq.ft. This figure increased significantly to Rs 7,500 per sq.ft in 2012, marking a 266% rise. However, it then decreased to Rs 5,025 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 7,500 per sq.ft in 2023, a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 8,200 per sq.ft, which is a 9% increase from 2023.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

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 value for these streets is Rs 4,900 per sq.ft, placing VALLALAR KUDIYIRUPPU 10th STREET above this median.

Stamp duty and registration fee for property in VALLALAR KUDIYIRUPPU 10th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would amount to Rs 5,74,000, while the registration fee at 2% would be Rs 1,64,000. Therefore, the total cost for stamp duty and registration would be Rs 7,38,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VALLALAR KUDIYIRUPPU 10th STREET?

The Sub Registrar Office that covers VALLALAR KUDIYIRUPPU 10th 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 when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of VALLALAR KUDIYIRUPPU 10th STREET?

The current guideline value of VALLALAR KUDIYIRUPPU 10th 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 2,050 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the stamp duty for property in VALLALAR KUDIYIRUPPU 10th STREET?

The stamp duty for property in VALLALAR KUDIYIRUPPU 10th STREET is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for VALLALAR KUDIYIRUPPU 10th STREET?

The Villivakkam Sub Registrar Office handles registrations for VALLALAR KUDIYIRUPPU 10th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for VALLALAR KUDIYIRUPPU 10th STREET?

The land classification for VALLALAR KUDIYIRUPPU 10th STREET is Residential Class II Type - I, indicating its suitability for residential development.