Guideline Value

Corporate

Guideline Value for A.P.PLOTS 11th STREET

₹7700/sq.ft.

The guideline value for A.p.plots 11th 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 11th Street

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A.P.PLOTS 11th STREET guideline value

The current guideline value of A.P.PLOTS 11th STREET in Padi village, under the Villivakkam SRO, is Rs 7,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of A.P.PLOTS 11th STREET has changed

The guideline value for A.P.PLOTS 11th STREET has seen several revisions over the years. In 2007, the guideline value was Rs 1,650 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, in 2017, the value dropped to Rs 4,690 per sq.ft. The 2023 revision brought the value back up to Rs 7,000 per sq.ft, and the most recent 2024 revision has set it at Rs 7,700 per sq.ft. The register has no figures for this street for the years 2002 and 2003.

Between the revisions, the changes have varied considerably. From 2007 to 2012, the value increased by 324%, but it then decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a notable increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 367%.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as of 2024. The median guideline value in this area is Rs 3,800 per sq.ft, placing A.P.PLOTS 11th STREET above this median.

Stamp duty and registration fee for property in A.P.PLOTS 11th 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 to Rs 6,93,000. 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 information.

Which Sub Registrar Office covers A.P.PLOTS 11th STREET?

The Sub Registrar Office covering A.P.PLOTS 11th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions. This process helps maintain transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of A.P.PLOTS 11th STREET?

The current guideline value of A.P.PLOTS 11th 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 significantly over the years, from Rs 1,650 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 367% since 2007.

Which Sub Registrar Office covers A.P.PLOTS 11th STREET?

The Villivakkam Sub Registrar Office covers A.P.PLOTS 11th STREET. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for A.P.PLOTS 11th STREET?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

What is the land classification of A.P.PLOTS 11th STREET?

A.P.PLOTS 11th STREET is classified as Residential Class II Type - I, which is important for understanding the usage and development of the land.