Guideline Value

Corporate

Guideline Value for A.P.PLOTS 10th STREET

₹7700/sq.ft.

The guideline value for A.p.plots 10th Street in Padi village (Villivakkam SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1650 /sq.ft.
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on A.p.plots 10th Street

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A.P.PLOTS 10th STREET guideline value

The current guideline value of A.P.PLOTS 10th STREET in Padi village, under the Villivakkam SRO, is Rs 7,700 per sq.ft, effective from 1 July 2024. This property falls under Residential Class II Type - I land classification.

How the guideline value of A.P.PLOTS 10th STREET has changed

The guideline value for A.P.PLOTS 10th STREET has undergone several revisions over the years. In 2007, the value was Rs 1,650 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, it then saw a decrease to Rs 4,690 per sq.ft in 2017, before rising to Rs 7,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 367%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Padi

Padi village has 354 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, placing A.P.PLOTS 10th STREET above this median.

Stamp duty and registration fee for property in A.P.PLOTS 10th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total fees to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.P.PLOTS 10th STREET?

The Sub Registrar Office covering A.P.PLOTS 10th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring transparency in the transaction process.

When a property is registered, the guideline value helps establish the minimum value at which the property can be sold, thereby facilitating a fair and standardized approach to property transactions in the area.

Frequently asked questions

What is the current guideline value of A.P.PLOTS 10th STREET?

The current guideline value of A.P.PLOTS 10th STREET is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, with several revisions in between. The most significant increase occurred from 2012 to 2017, where it decreased and then increased significantly in subsequent years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees can amount to Rs 6,93,000 based on the current guideline value.

Where is the Sub Registrar Office for A.P.PLOTS 10th STREET located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the land classification for A.P.PLOTS 10th STREET?

A.P.PLOTS 10th STREET is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.