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Guideline Value

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Guideline Value for JAGADAMBIKAI NAGAR 'SEKHIZHAR STREET'

₹3400/sq.ft.

The guideline value for Jagadambikai Nagar 'sekhizhar 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 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 Jagadambikai Nagar 'sekhizhar Street'

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Jagadambikai Nagar 'sekhizhar Street' guideline value

The current guideline value of Jagadambikai Nagar 'sekhizhar 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 Jagadambikai Nagar 'sekhizhar Street' has changed

The guideline value for Jagadambikai Nagar 'sekhizhar Street' has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,100 per sq.ft. This value remained until the next revision in 2017, where it decreased to Rs 2,077 per sq.ft, marking a decline of 33%. Following this, the guideline value increased significantly to Rs 3,100 per sq.ft in 2023, and then further rose to Rs 3,400 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 value to the 2024 value shows a modest increase of 10%.

Guideline values in Padi

In Padi village, 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 in this area is Rs 3,800 per sq.ft, placing Jagadambikai Nagar 'sekhizhar Street' below this median.

Stamp duty and registration fee for property in Jagadambikai Nagar 'sekhizhar Street'

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

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

Which Sub Registrar Office covers Jagadambikai Nagar 'sekhizhar Street'?

The Sub Registrar Office that covers Jagadambikai Nagar 'sekhizhar 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Padi. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is referenced to calculate the applicable charges. It is essential to note that the charges are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jagadambikai Nagar 'sekhizhar Street'?

The current guideline value of Jagadambikai Nagar 'sekhizhar Street' is Rs 3,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 3,100 per sq.ft in 2023 to Rs 3,400 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,077 per sq.ft in 2017 and Rs 3,100 per sq.ft in 2012.

What is the land classification for this street?

Jagadambikai Nagar 'sekhizhar Street' is classified as Residential Class IV Type - II. This classification is important for understanding the zoning and potential uses of the land.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000. These fees are based on the guideline value.

Which office handles registrations for this area?

The Villivakkam Sub Registrar Office handles registrations for Jagadambikai Nagar 'sekhizhar Street'. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.