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Guideline Value

Corporate

Guideline Value for CHENNAI TEACHERS GUILD CITY PHASE-I

₹740/sq.ft.

The guideline value for Chennai Teachers Guild City Phase-i in Padappai village (Padappai SRO, Chennai zone) is Rs 740 per sq.ft, effective 1 July 2024. It was Rs 670 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padappai

Village

Padappai

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹740 /sq.ft.
From 1-4-2023 ₹670 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Chennai Teachers Guild City Phase-i

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Chennai Teachers Guild City Phase-I guideline value

The current guideline value of Chennai Teachers Guild City Phase-I is Rs 740 per sq.ft, effective from 1 July 2024. This property is located in Padappai village, under the Padappai SRO, and falls under the Residential Class III Type - III land classification.

How the guideline value of Chennai Teachers Guild City Phase-I has changed

The guideline value for Chennai Teachers Guild City Phase-I has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 740 per sq.ft, a 10% increase from the 2023 revision of Rs 670 per sq.ft. The 2023 figure remained unchanged from the 2017 revision, which was also Rs 670 per sq.ft. The register has no figures for the years 2012, 2007, 2003, and 2002 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 10%. This gradual increase reflects the adjustments made in the recent revisions, particularly the notable change from 2023 to 2024.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft, with a median value of Rs 830 per sq.ft. The guideline value for Chennai Teachers Guild City Phase-I is below this median.

Stamp duty and registration fee for property in Chennai Teachers Guild City Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 740 per sq.ft, the total guideline value amounts to Rs 7,40,000. The stamp duty at 7% would be Rs 51,800, and the registration fee at 2% would be Rs 14,800, bringing the total to Rs 66,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chennai Teachers Guild City Phase-I?

The Sub Registrar Office that covers Chennai Teachers Guild City Phase-I is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property. It is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. This ensures that the property is valued correctly for taxation purposes.

Frequently asked questions

What is the current guideline value for Chennai Teachers Guild City Phase-I?

The current guideline value for Chennai Teachers Guild City Phase-I is Rs 740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

From 2017 to 2024, the guideline value has increased by 10%, with the most recent revision in 2024 showing a value of Rs 740 per sq.ft, up from Rs 670 per sq.ft in 2023.

What are the guideline values for other streets in Padappai?

Other streets in Padappai have varying guideline values, with rates ranging from Rs 440 to Rs 4,000 per sq.ft. The median value for these streets is Rs 830 per sq.ft.

What is the stamp duty rate for properties in Chennai Teachers Guild City Phase-I?

The stamp duty rate for properties in Chennai Teachers Guild City Phase-I is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Chennai Teachers Guild City Phase-I?

The Sub Registrar Office for Chennai Teachers Guild City Phase-I is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.