Guideline Value for VILLTAL ST

Villtal St guideline value

The current guideline value of Villtal St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Villtal St has changed

The guideline value for Villtal St has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in 2017. The value then increased significantly to Rs 850 per sq.ft in 2023, before rising to the current figure of Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2012 to 2024 shows a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is the same as the current guideline value for Villtal St.

• Vijayarangan Street: Rs 935 per sq.ft (2024)
• Vinayagar St: Rs 935 per sq.ft (2024)
• Vivekananda 1st St: Rs 1,310 per sq.ft (2024)
• Vivekananda 2nd St: Rs 810 per sq.ft (2024)
• Vivekanandar St: Rs 935 per sq.ft (2024)
• Vgn West Field: Rs 3,130 per sq.ft (2024)

Stamp duty and registration fee for property in Villtal St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees together to Rs 84,150. It is important to note that 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 Villtal St?

The Villtal St falls under 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 Vilingiyambakkam

The guideline value is a crucial factor when buying or selling property in Vilingiyambakkam, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Villtal St?

The current guideline value of Villtal St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Villtal St?

Villtal St is classified as Residential Class II Type - II under the Avadi SRO.

What are the stamp duty and registration fees for a property on Villtal St?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450, and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles registrations for Villtal St?

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