Guideline Value

Corporate

Guideline Value for A.P.PLOTS 9th STREET

₹7700/sq.ft.

The guideline value for A.p.plots 9th 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 9th Street

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A.P.PLOTS 9th STREET guideline value

The current guideline value of A.P.PLOTS 9th STREET is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of A.P.PLOTS 9th STREET has changed

The guideline value for A.P.PLOTS 9th STREET has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, which set the value at Rs 1,650 per sq.ft. This value significantly increased to Rs 7,000 per sq.ft in the 2012 revision, marking a 324% increase. However, it decreased to Rs 4,690 per sq.ft in the 2017 revision, a decline of 33%. The value then rose dramatically to Rs 7,000 per sq.ft in the 2023 revision, and further increased to Rs 7,700 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 367%. The revisions for the years 2002 and 2003 do not have figures recorded for A.P.PLOTS 9th STREET in the register.

Guideline values in Padi

In Padi village, 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 value for these streets is Rs 3,800 per sq.ft, placing A.P.PLOTS 9th STREET's 2024 figure above this median.

Stamp duty and registration fee for property in A.P.PLOTS 9th 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, while the registration fee at 2% would be Rs 1,54,000, bringing the total cost for these fees 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.P.PLOTS 9th STREET?

The Sub Registrar Office that covers A.P.PLOTS 9th 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Padi. It serves as a baseline for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's value.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy and ensuring compliance with local regulations. Buyers and sellers should be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of A.P.PLOTS 9th STREET?

The current guideline value of A.P.PLOTS 9th 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 the years.

What are the other streets in Padi with the same guideline value?

Other streets in Padi with the same guideline value of Rs 7,700 per sq.ft in 2024 include A.P.PLOTS 8th STREET, A.P.PLOTS 7th STREET, A.P.PLOTS 6th STREET, A.P.PLOTS 5th STREET, A.P.PLOTS 4th STREET, and A.P.PLOTS 3rD STREET.

Where can I find the Sub Registrar Office for A.P.PLOTS 9th STREET?

The Sub Registrar Office for A.P.PLOTS 9th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 77,00,000, the stamp duty would be calculated at 7% of this amount.