Guideline Value

Corporate

Guideline Value for A.P.PLOTS 1st STREET

₹7700/sq.ft.

The guideline value for A.p.plots 1st 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 1st Street

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A.P.PLOTS 1st STREET guideline value

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

How the guideline value of A.P.PLOTS 1st STREET has changed

The guideline value for A.P.PLOTS 1st STREET has seen several revisions over the years. In 2007, the guideline value was Rs 1,650 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a substantial rise of 324%. However, the value dropped to Rs 4,690 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 set the value at Rs 7,000 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 7,700 per sq.ft, an increase of 10% from the previous year.

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

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. A.P.PLOTS 1st STREET's 2024 guideline value of Rs 7,700 per sq.ft is above this median.

Stamp duty and registration fee for property in A.P.PLOTS 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000. Together, the total fees would be 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.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers A.P.PLOTS 1st STREET?

The Sub Registrar Office that covers A.P.PLOTS 1st STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find more information or find your SRO online.

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

The guideline value is a crucial factor during the registration of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. This value is set by the government and is periodically revised to reflect changes in the real estate market.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the government collects appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.P.PLOTS 1st STREET?

The current guideline value of A.P.PLOTS 1st 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, reflecting an overall increase of 367% over this period.

What is the land classification for A.P.PLOTS 1st STREET?

A.P.PLOTS 1st STREET is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for A.P.PLOTS 1st STREET?

The Sub Registrar Office for A.P.PLOTS 1st STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 77,00,000 would incur a stamp duty of Rs 5,39,000 at a rate of 7%.