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Guideline Value

Corporate

Guideline Value for VILLIERY PALAYAM (WARD -15)

₹440/sq.ft.

The guideline value for Villiery Palayam (ward -15) in Panangottur 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

Panangottur

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 Villiery Palayam (ward -15)

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Villiery Palayam (Ward -15) guideline value

The current guideline value of Villiery Palayam (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Villiery Palayam (Ward -15) has changed

The guideline value for Villiery Palayam 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 this, the value significantly increased to Rs 400 per sq.ft in the 2023 revision and further rose to Rs 440 per sq.ft in the 2024 revision, indicating a 10% increase from 2023 to 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, placing Villiery Palayam's 2024 figure below that median.

Stamp duty and registration fee for property in Villiery Palayam (Ward -15)

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

Which Sub Registrar Office covers Villiery Palayam (Ward -15)?

The Sub Registrar Office covering Villiery Palayam (Ward -15) 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 Panangottur

The guideline value plays a crucial role in the registration of property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Villiery Palayam (Ward -15)?

The current guideline value of Villiery Palayam (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 400 per sq.ft in 2012, decreasing to Rs 268 per sq.ft in 2017, and then increasing to Rs 440 per sq.ft by 2024.

What is the land classification for Villiery Palayam?

The land classification for Villiery Palayam (Ward -15) is Residential Class II Type - II.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Villiery Palayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.