Guideline Value

Corporate

Guideline Value for A.P.PLOTS 7th STREET

₹7700/sq.ft.

The guideline value for A.p.plots 7th 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 7th Street

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A.P.PLOTS 7th STREET guideline value

The current guideline value of A.P.PLOTS 7th 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 7th STREET has changed

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

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 367%. Notably, the register does not contain 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 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, indicating that A.P.PLOTS 7th STREET's current value is above this median.

Stamp duty and registration fee for property in A.P.PLOTS 7th 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, leading to a total of 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 detailed calculations.

Which Sub Registrar Office covers A.P.PLOTS 7th STREET?

The Sub Registrar Office that covers A.P.PLOTS 7th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. The guideline value is used to calculate the total cost of registration, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

When registering a property, the guideline value helps establish a fair assessment of the property's worth. This ensures that the appropriate taxes are levied based on the official valuation provided by the Registration Department.

Frequently asked questions

What is the current guideline value of A.P.PLOTS 7th STREET?

The current guideline value of A.P.PLOTS 7th 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, marking an overall increase of 367% over the years.

What are the stamp duty and registration fees for properties in A.P.PLOTS 7th STREET?

For a property valued at Rs 77,00,000, the stamp duty at 7% is Rs 5,39,000, and the registration fee at 2% is Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office covers A.P.PLOTS 7th STREET?

The Villivakkam Sub Registrar Office covers A.P.PLOTS 7th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Padi village?

The median guideline value in Padi village is Rs 3,800 per sq.ft, and A.P.PLOTS 7th STREET's current value is above this median.