Guideline Value for A.P.PLOTS 5th STREET

A.P.PLOTS 5th STREET guideline value

The current guideline value of A.P.PLOTS 5th STREET in Padi village, under the Villivakkam SRO, is Rs 7,700 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification.

How the guideline value of A.P.PLOTS 5th STREET has changed

The guideline value for A.P.PLOTS 5th 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. However, it decreased to Rs 4,690 per sq.ft in 2017. The value then rose to Rs 7,000 per sq.ft in 2023 before reaching the current rate of Rs 7,700 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 367%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

Padi village has a total of 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 in this area is Rs 3,800 per sq.ft, making A.P.PLOTS 5th STREET's current value above the median.

• A.P.PLOTS 4th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 6th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 3rD STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 7th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 2nd STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 8th STREET: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in A.P.PLOTS 5th 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, charged at 7%, would amount to Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000, bringing the total charges to Rs 6,93,000. 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 details.

Which Sub Registrar Office covers A.P.PLOTS 5th STREET?

The Sub Registrar Office that covers A.P.PLOTS 5th 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 the registration of property in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It helps in maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of A.P.PLOTS 5th STREET?

The current guideline value of A.P.PLOTS 5th 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 various revisions in between, including a decrease in 2017.

What is the land classification for A.P.PLOTS 5th STREET?

A.P.PLOTS 5th STREET is classified as Residential Class II Type - I.

Where is the Villivakkam Sub Registrar Office located?

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

How is stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For A.P.PLOTS 5th STREET, the stamp duty is 7% of the guideline value.