Guideline Value

Corporate

Guideline Value for A.P.PLOTS 4th STREET

₹7700/sq.ft.

The guideline value for A.p.plots 4th 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 4th Street

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A.P.PLOTS 4th STREET guideline value

The current guideline value of A.P.PLOTS 4th STREET in Padi village, under the Villivakkam SRO, is Rs 7,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of A.P.PLOTS 4th STREET has changed

The guideline value for A.P.PLOTS 4th STREET has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,650 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in the 2012 revision, marking a rise of 324%. However, in the 2017 revision, the value decreased to Rs 4,690 per sq.ft, a drop of 33%. The value then rose to Rs 7,000 per sq.ft in 2023, followed by a current rate of Rs 7,700 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 367%. The register does not have figures for the years 2002 and 2003 for this street.

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 4th STREET's 2024 figure is above this median.

Stamp duty and registration fee for property in A.P.PLOTS 4th 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 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 4th STREET?

The Sub Registrar Office that covers A.P.PLOTS 4th 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 an essential 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 that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official records. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of A.P.PLOTS 4th STREET?

The current guideline value of A.P.PLOTS 4th 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 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 are the other streets in Padi with the same guideline value?

Other streets in Padi that have the same guideline value of Rs 7,700 per sq.ft for 2024 include A.P.PLOTS 1st STREET, A.P.PLOTS 2nd STREET, A.P.PLOTS 3rD STREET, A.P.PLOTS 5th STREET, A.P.PLOTS 6th STREET, and A.P.PLOTS 7th STREET.

What is the registration fee for a property in A.P.PLOTS 4th STREET?

The registration fee for a property in A.P.PLOTS 4th STREET is calculated at 2% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 1,54,000.

Which office handles the registration of properties in Padi?

The Villivakkam Sub Registrar Office handles the registration of properties in Padi. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.