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Guideline Value

Corporate

Guideline Value for GOLDEN JUBLIEE APPARTMENTS (Padikuppam Road)

₹6600/sq.ft.

The guideline value for Golden Jubliee Appartments (padikuppam Road) in Padi village (Villivakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Golden Jubliee Appartments (padikuppam Road)

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GOLDEN JUBLIEE APPARTMENTS (Padikuppam Road) guideline value

The current guideline value for GOLDEN JUBLIEE APPARTMENTS (Padikuppam Road) is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Padi village, under the Villivakkam SRO, classified as Residential Class II Type - III.

How the guideline value of GOLDEN JUBLIEE APPARTMENTS (Padikuppam Road) has changed

The guideline value for GOLDEN JUBLIEE APPARTMENTS has undergone several revisions over the years. Starting from the 2012 revision, the value was Rs 6,000 per sq.ft. This decreased to Rs 4,020 per sq.ft in 2017. Following this, the value increased significantly to Rs 6,000 per sq.ft in 2023, and further rose to Rs 6,600 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value for the area is Rs 3,800 per sq.ft, placing GOLDEN JUBLIEE APPARTMENTS above this median.

Stamp duty and registration fee for property in GOLDEN JUBLIEE APPARTMENTS (Padikuppam Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers GOLDEN JUBLIEE APPARTMENTS (Padikuppam Road)?

The GOLDEN JUBLIEE APPARTMENTS (Padikuppam Road) falls under 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 information.

How the guideline value is used when you buy or sell in Padi

When buying or selling property in Padi, the guideline value is crucial as it determines the stamp duty and registration fees payable. The property must be registered at the Villivakkam SRO, where the guideline value will be referenced to calculate these fees.

It is essential to note that the guideline value may differ from the actual sale price. The stamp duty is charged based on the higher of the two amounts, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for GOLDEN JUBLIEE APPARTMENTS?

The current guideline value for GOLDEN JUBLIEE APPARTMENTS (Padikuppam Road) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then increased to Rs 6,000 in 2023 and Rs 6,600 in 2024.

What is the land classification for GOLDEN JUBLIEE APPARTMENTS?

The land classification for GOLDEN JUBLIEE APPARTMENTS (Padikuppam Road) is Residential Class II Type - III.

Where can I find the registration office for properties in Padi?

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

How is the stamp duty calculated for properties in Padi?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 at a rate of 7%.