Guideline Value for VILAPAKKAM SUBBAIAH NAGAR

Vilapakkam Subbaiah Nagar guideline value

The current guideline value of Vilapakkam Subbaiah Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Vilapakkam Subbaiah Nagar has changed

The guideline value for Vilapakkam Subbaiah Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased this value to Rs 770 per sq.ft, marking a significant increase of 64% from the 2017 figure. It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, the guideline value increased by 10%. The jump from 2017 to 2023 was a substantial 49%, reflecting changes in the local real estate landscape. Overall, the guideline value has increased by 64% from 2017 to 2024, indicating a noteworthy adjustment in property valuations in this area.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, which is equal to the current value of Vilapakkam Subbaiah Nagar.

• Vinayagar Koil Street: Rs 770 per sq.ft (2024)
• Virundavan Nagar: Rs 770 per sq.ft (2024)
• V.O.C.Nagar: Rs 770 per sq.ft (2024)
• Venumadavan Nagar & Streets: Rs 770 per sq.ft (2024)
• V.S.P.Nagar & Streets: Rs 770 per sq.ft (2024)
• Venkateshwaranagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Vilapakkam Subbaiah Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. 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 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-B

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Vilapakkam Subbaiah Nagar?

The current guideline value of Vilapakkam Subbaiah Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, which is an overall increase of 64% over this period.

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

Other streets in Thiruninravur-B with the same guideline value of Rs 770 per sq.ft include Vinayagar Koil Street, Virundavan Nagar, V.O.C.Nagar, Venumadavan Nagar & Streets, and V.S.P.Nagar & Streets.

What are the stamp duty and registration fees for property in Vilapakkam Subbaiah Nagar?

The stamp duty for a property valued at Rs 7,70,000 is Rs 53,900, and the registration fee is Rs 15,400, totaling Rs 69,300 for a 1,000 sq.ft plot.

Where is the Sub Registrar Office for Vilapakkam Subbaiah Nagar 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.