Guideline Value

Corporate

Guideline Value for DR.AMBEDKAR NAGAR "NETHAJI STREET"

₹2500/sq.ft.

The guideline value for Dr.ambedkar Nagar "nethaji Street" in Padi village (Villivakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹530 /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 Dr.ambedkar Nagar "nethaji Street"

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Dr.Ambedkar Nagar "nethaji Street" guideline value

The current guideline value of Dr.Ambedkar Nagar "nethaji Street" is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Dr.Ambedkar Nagar "nethaji Street" has changed

The guideline value for Dr.Ambedkar Nagar "nethaji Street" has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 530 per sq.ft. This increased significantly to Rs 2,300 per sq.ft in the 2012 revision, marking a rise of 334%. However, the value then decreased to Rs 1,541 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision set the value at Rs 2,300 per sq.ft, followed by the current value of Rs 2,500 per sq.ft in 2024, which is a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 372%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Padi

Padi village has 354 streets under the Villivakkam SRO, with the 2024 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 Dr.Ambedkar Nagar "nethaji Street" below this median.

Stamp duty and registration fee for property in Dr.Ambedkar Nagar "nethaji Street"

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Ambedkar Nagar "nethaji Street"?

The Sub Registrar Office covering Dr.Ambedkar Nagar "nethaji Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dr.Ambedkar Nagar "nethaji Street"?

The current guideline value of Dr.Ambedkar Nagar "nethaji Street" is Rs 2,500 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 530 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, marking an overall increase of 372%.

What is the registration fee for property in Dr.Ambedkar Nagar "nethaji Street"?

The registration fee is typically 2% of the guideline value. For a property valued at Rs 25,00,000, the registration fee would be Rs 50,000.

Where can I find the Sub Registrar Office for Dr.Ambedkar Nagar "nethaji Street"?

The Villivakkam Sub Registrar Office covers Dr.Ambedkar Nagar "nethaji Street" and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Padi?

The median guideline value for streets in Padi under the Villivakkam SRO is Rs 3,800 per sq.ft, which is above the current value of Dr.Ambedkar Nagar "nethaji Street".