Guideline Value

Corporate

Guideline Value for VILAPAKKAM SUBBAIAH NAGAR

₹750/sq.ft.

The guideline value for Vilapakkam Subbaiah Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 750 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹750 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Vilapakkam Subbaiah Nagar

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Vilapakkam Subbaiah Nagar guideline value

The current guideline value of Vilapakkam Subbaiah Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Vilapakkam Subbaiah Nagar has changed

Over the years, the guideline value of Vilapakkam Subbaiah Nagar has seen significant changes. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 further raised the value to Rs 750 per sq.ft, reflecting a 7% increase from the previous year. It's important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 60%, showcasing the changes in the property valuation over this period.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which aligns with the current guideline value of Vilapakkam Subbaiah Nagar.

Stamp duty and registration fee for property in Vilapakkam Subbaiah Nagar

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty is calculated at 7%, which totals Rs 52,500, and the registration fee is 2%, amounting to Rs 15,000. Therefore, the total cost for stamp duty and registration fees together comes to Rs 67,500. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Vilapakkam Subbaiah Nagar?

The Sub Registrar Office that covers Vilapakkam Subbaiah Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor when buying or selling property in Thiruninravur-A. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of this value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to determine the applicable charges, which can significantly affect the overall cost of the transaction. Therefore, understanding the guideline value is essential for anyone looking to engage in real estate transactions in this area.

Frequently asked questions

What is the current guideline value of Vilapakkam Subbaiah Nagar?

The current guideline value of Vilapakkam Subbaiah Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 750 per sq.ft in 2024. This represents a total increase of 60% from 2017 to 2024.

What are the other streets with the same guideline value in Thiruninravur-A?

Other streets in Thiruninravur-A that share the same guideline value of Rs 750 per sq.ft in 2024 include Vinayagar Koil Street, Virundavan Nagar, V.O.C.Nagar, Venumadavan Nagar & Streets, and V.S.P.Nagar & Streets.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Vilapakkam Subbaiah Nagar?

Stamp duty for properties in Vilapakkam Subbaiah Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.