Guideline Value for A.P.PLOTS 3rD STREET

A.P.PLOTS 3rD STREET guideline value

The current guideline value of A.P.PLOTS 3rD 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 3rD STREET has changed

The guideline value for A.P.PLOTS 3rD STREET has seen 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, marking a rise of 324%. However, from 2012 to 2017, the value decreased by 33% to Rs 4,690 per sq.ft. The value then increased again to Rs 7,000 per sq.ft in 2023, a 49% increase, and finally rose to Rs 7,700 per sq.ft in 2024, reflecting a 10% increase.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 367%.

Guideline values in Padi

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

• A.P.PLOTS 2nd STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 4th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 1st STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 5th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 12th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 6th STREET: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in A.P.PLOTS 3rD 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 be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers A.P.PLOTS 3rD STREET?

The A.P.PLOTS 3rD STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is crucial during the registration of property transactions in Padi. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of A.P.PLOTS 3rD STREET?

The current guideline value of A.P.PLOTS 3rD 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 the years.

What are the stamp duty rates for properties in A.P.PLOTS 3rD STREET?

The stamp duty for properties in A.P.PLOTS 3rD STREET is charged at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers A.P.PLOTS 3rD STREET?

The Villivakkam Sub Registrar Office covers A.P.PLOTS 3rD STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for A.P.PLOTS 3rD STREET?

A.P.PLOTS 3rD STREET falls under the Residential Class II Type - I land classification.