Guideline Value for Villivakkam Road

Villivakkam Road guideline value

The current guideline value of Villivakkam Road in Puthagaram village, under the Ambattur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - III.

How the guideline value of Villivakkam Road has changed

Starting from the 2012 revision, the guideline value was Rs 2,200 per sq.ft. In the 2017 revision, it decreased to Rs 1,474 per sq.ft, marking a decline of 33%. However, the value rose significantly in the 2023 revision, returning to Rs 2,200 per sq.ft, and remained unchanged in the 2024 revision, reflecting a 0% change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 2,200 per sq.ft.

Guideline values in Puthagaram

In Puthagaram, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, and Villivakkam Road's 2024 figure is above this median.

• Vinayagam Nagar: Rs 1,600 per sq.ft (2024)
• Vijayalakshmi Nagar Extention (Balaraman Ave.): Rs 1,600 per sq.ft (2024)
• Vijaya Lakshmi Nagar: Rs 1,600 per sq.ft (2024)
• V.O.C Nagar: Rs 1,600 per sq.ft (2024)
• Voc Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Vetri Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Villivakkam Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Villivakkam Road?

The Sub Registrar Office that covers Villivakkam Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Puthagaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and fairness in property transactions, as it reflects the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Villivakkam Road?

The current guideline value of Villivakkam Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining a value of Rs 2,200 per sq.ft, unchanged from 2023. The value was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012.

What is the land classification for Villivakkam Road?

Villivakkam Road is classified as Residential Special Type - III, indicating its designation for residential purposes within the locality.

What are the stamp duty rates for property in Villivakkam Road?

The stamp duty for property in Villivakkam Road is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2%.

Where can I find the Sub Registrar Office for Villivakkam Road?

The Sub Registrar Office for Villivakkam Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.