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Guideline Value

Corporate

Guideline Value for DR.MOORTHY NAGAR 1st MAIN ROAD

₹3400/sq.ft.

The guideline value for Dr.moorthy Nagar 1st Main Road 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 1st Main Road

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DR.MOORTHY NAGAR 1st MAIN ROAD guideline value

The current guideline value of DR.MOORTHY NAGAR 1st MAIN ROAD is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of DR.MOORTHY NAGAR 1st MAIN ROAD has changed

The guideline value for DR.MOORTHY NAGAR 1st MAIN ROAD has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 3,100 per sq.ft in 2012. However, this figure decreased to Rs 2,077 per sq.ft in 2017. The value then rose again to Rs 3,100 per sq.ft in 2023, and currently stands at Rs 3,400 per sq.ft as of the 2024 revision. The changes between these revisions are notable, with a 244% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. The most recent revision reflects a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value for DR.MOORTHY NAGAR 1st MAIN ROAD is below this median.

Stamp duty and registration fee for property in DR.MOORTHY NAGAR 1st MAIN ROAD

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, and the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers DR.MOORTHY NAGAR 1st MAIN ROAD?

The Sub Registrar Office that covers DR.MOORTHY NAGAR 1st MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 an important factor in the registration process of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. The guideline value ensures that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the actual sale price. The stamp duty is charged on the higher of the two amounts, ensuring that the government captures the appropriate fees based on the market conditions and the value of the property being transferred.

Frequently asked questions

What is the current guideline value of DR.MOORTHY NAGAR 1st MAIN ROAD?

The current guideline value of DR.MOORTHY NAGAR 1st MAIN ROAD 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 from Rs 900 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, reflecting a significant overall increase of 278% over the years.

What is the land classification for DR.MOORTHY NAGAR 1st MAIN ROAD?

DR.MOORTHY NAGAR 1st MAIN ROAD is classified as Residential Class IV Type - II.

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.

How is stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 2,38,000.