Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for DR.MOORTHY NAGAR "RATHINAM STREET"

₹3400/sq.ft.

The guideline value for Dr.moorthy Nagar "rathinam Street" in Padi village (Villivakkam SRO, Chennai zone) is Rs 3400 per sq.ft, effective 1 July 2024. It was Rs 3100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹3400 /sq.ft.
From 1-4-2023 ₹3100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2077 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /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.moorthy Nagar "rathinam Street"

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Dr.Moorthy Nagar "rathinam Street" guideline value

The current guideline value of Dr.Moorthy Nagar "rathinam Street" is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the Villivakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Dr.Moorthy Nagar "rathinam Street" has changed

Over the years, the guideline value of Dr.Moorthy Nagar "rathinam Street" has seen significant changes. The earliest recorded revision was in 2007, with a guideline value of Rs 900 per sq.ft. This figure increased dramatically to Rs 3,100 per sq.ft in 2012, marking a 244% rise. However, it then decreased to Rs 2,077 per sq.ft in 2017, representing a decline of 33%. The value rebounded to Rs 3,100 per sq.ft in 2023, before reaching the current value of Rs 3,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 278%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 3,800 per sq.ft, placing Dr.Moorthy Nagar "rathinam Street" below this median.

Stamp duty and registration fee for property in Dr.Moorthy Nagar "rathinam Street"

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, while the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations based on your specific property details.

Which Sub Registrar Office covers Dr.Moorthy Nagar "rathinam Street"?

The Sub Registrar Office that covers Dr.Moorthy Nagar "rathinam Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 in 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 at the time of registration.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies in the registration process. This ensures that the appropriate taxes are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Dr.Moorthy Nagar "rathinam Street"?

The current guideline value of Dr.Moorthy Nagar "rathinam Street" is Rs 3,400 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 900 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, marking an overall increase of 278% over the years.

What is the land classification of Dr.Moorthy Nagar "rathinam Street"?

Dr.Moorthy Nagar "rathinam Street" is classified as Residential Class IV Type - II.

Where can I find the registration office for Dr.Moorthy Nagar "rathinam Street"?

The registration office for Dr.Moorthy Nagar "rathinam 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 of the property, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.