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Guideline Value

Corporate

Guideline Value for VILLIER COLONY (WARD -2)

₹440/sq.ft.

The guideline value for Villier Colony (ward -2) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Villier Colony (ward -2)

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Villier Colony (Ward -2) guideline value

The current guideline value of Villier Colony (Ward -2) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Villier Colony (Ward -2) has changed

The guideline value for Villier Colony has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. Following that, the value increased to Rs 400 per sq.ft in the 2023 revision, and finally rose to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Villier Colony's 2024 figure below this median.

Stamp duty and registration fee for property in Villier Colony (Ward -2)

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Villier Colony (Ward -2)?

The Sub Registrar Office that covers Villier Colony (Ward -2) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Villier Colony (Ward -2)?

The current guideline value of Villier Colony (Ward -2) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the other streets in Sattamangalam with their guideline values?

Other streets in Sattamangalam include Villier Street Sattamangalam at Rs 660 per sq.ft, Villiery Palayam at Rs 440 per sq.ft, Vijayanaidu Street at Rs 550 per sq.ft, Vip Enclave at Rs 1,760 per sq.ft, Vignesh Nagar (N) at Rs 660 per sq.ft, and Vishnupriya Avenue at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for property in Villier Colony (Ward -2)?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Villier Colony (Ward -2)?

The Sub Registrar Office for Villier Colony (Ward -2) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.