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Guideline Value

Corporate

Guideline Value for DR.MOOTHY NAGAR 2nd MAIN ROAD

₹3400/sq.ft.

The guideline value for Dr.moothy Nagar 2nd 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.moothy Nagar 2nd Main Road

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DR.MOOTHY NAGAR 2nd MAIN ROAD guideline value

The current guideline value of DR.MOOTHY NAGAR 2nd MAIN ROAD is Rs 3,400 per sq.ft, effective from 1 July 2024. This road is located in Padi village, under the Villivakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of DR.MOOTHY NAGAR 2nd MAIN ROAD has changed

The guideline value for DR.MOOTHY NAGAR 2nd MAIN ROAD has seen several revisions over the years. In 2007, the guideline value was Rs 900 per sq.ft, which increased significantly to Rs 3,100 per sq.ft in 2012, marking a growth of 244%. However, from 2012 to 2017, the value decreased to Rs 2,077 per sq.ft, a drop of 33%. The value then rose again to Rs 3,100 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the guideline value at Rs 3,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 278%.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that have 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, placing DR.MOOTHY NAGAR 2nd MAIN ROAD's 2024 figure below that median.

Stamp duty and registration fee for property in DR.MOOTHY NAGAR 2nd MAIN ROAD

For a 1,000 sq.ft plot at the current rate of Rs 3,400 per sq.ft, the guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, while 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers DR.MOOTHY NAGAR 2nd MAIN ROAD?

The Sub Registrar Office that covers DR.MOOTHY NAGAR 2nd 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 a critical factor during the registration of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of DR.MOOTHY NAGAR 2nd MAIN ROAD?

The current guideline value of DR.MOOTHY NAGAR 2nd 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 undergone several revisions, increasing from Rs 900 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, which is an overall increase of 278%.

What is the land classification for DR.MOOTHY NAGAR 2nd MAIN ROAD?

DR.MOOTHY NAGAR 2nd MAIN ROAD is classified as Residential Class IV Type - II.

Where can I find the registration office for properties in this area?

The registration office for properties in DR.MOOTHY NAGAR 2nd MAIN ROAD is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What factors determine the stamp duty for property transactions?

The stamp duty is determined based on the guideline value or the sale price of the property, whichever is higher. This ensures that the appropriate amount of duty is collected during the registration process.