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Guideline Value

Corporate

Guideline Value for DR.AMBEDKAR NAGAR "VIVEKANANDA STREET"

₹2500/sq.ft.

The guideline value for Dr.ambedkar Nagar "vivekananda 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 "vivekananda Street"

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Dr.Ambedkar Nagar "vivekananda Street" guideline value

The current guideline value of Dr.Ambedkar Nagar "vivekananda 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 "vivekananda Street" has changed

The guideline value for Dr.Ambedkar Nagar "vivekananda Street" has experienced several revisions over the years. The oldest available revision is from 2007, where the guideline value was Rs 530 per sq.ft. This increased significantly to Rs 2,300 per sq.ft in 2012, marking a rise of 334%. However, it then decreased to Rs 1,541 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 2,300 per sq.ft in 2023, followed by the current figure of Rs 2,500 per sq.ft in 2024, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, the guideline value has increased by 372% from Rs 530 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024.

Guideline values in Padi

In Padi, there are a total of 354 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, which indicates that the guideline value of Dr.Ambedkar Nagar "vivekananda Street" is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total 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, bringing the total fees to Rs 2,25,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Dr.Ambedkar Nagar "vivekananda 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 crucial factor during the registration process when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller engages in a property transaction, the guideline value helps in assessing the official value of the property. This value is used to calculate the applicable fees, which are necessary for the legal transfer of ownership and to maintain transparency in the real estate market.

Frequently asked questions

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

The current guideline value of Dr.Ambedkar Nagar "vivekananda 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 seen several changes, starting from Rs 530 per sq.ft in 2007, increasing to Rs 2,500 per sq.ft in 2024, which is a significant overall increase of 372% from the initial value.

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

Other streets in Padi that share the same guideline value of Rs 2,500 per sq.ft for 2024 include Dr.Ambedkar Nagar "v.O.C.Street", "valluvar Street", "nethaji Street", "koil Street", "kannadhasan Street", and "kambar Street".

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

The registration fee for property in Dr.Ambedkar Nagar "vivekananda Street" is calculated based on the guideline value. For example, a property valued at Rs 25,00,000 would incur a registration fee of Rs 50,000 at 2%.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. This office handles registrations for properties in the area.