Guideline Value

Corporate

Guideline Value for KAILASH COLONY (NORTH MAIN ROAD)

₹12000/sq.ft.

The guideline value for Kailash Colony (north Main Road) in Padi village (Villivakkam SRO, Chennai zone) is Rs 12000 per sq.ft, effective 1 July 2024. It was Rs 11000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹12000 /sq.ft.
From 1-4-2023 ₹11000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7370 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11000 /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 Kailash Colony (north Main Road)

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Kailash Colony (North Main Road) guideline value

The current guideline value of Kailash Colony (North Main Road) is Rs 12,000 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 I Type - I.

How the guideline value of Kailash Colony (North Main Road) has changed

In the 2012 revision, the guideline value was Rs 11,000 per sq.ft. This figure decreased to Rs 7,370 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase of 49% in the 2023 revision, rising to Rs 11,000 per sq.ft. The most recent revision in 2024 has set the value at Rs 12,000 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

Guideline values in Padi

Within Padi village, 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. The median guideline value for these streets is Rs 3,800 per sq.ft, indicating that Kailash Colony (North Main Road) is positioned above this median.

Stamp duty and registration fee for property in Kailash Colony (North Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 12,000 per sq.ft, the total guideline value amounts to Rs 1,20,00,000. The stamp duty is charged at 7%, which comes to Rs 8,40,000, and the registration fee is 2%, totaling Rs 2,40,000. Therefore, the combined cost for stamp duty and registration fee is Rs 10,80,000. It is important to note that 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 Kailash Colony (North Main Road)?

The Sub Registrar Office that covers Kailash Colony (North Main Road) 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 more details.

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

The guideline value is a crucial factor during property transactions in Padi, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value for calculating the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, reflecting the market conditions. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kailash Colony (North Main Road)?

The current guideline value of Kailash Colony (North Main Road) is Rs 12,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times: it was Rs 11,000 per sq.ft in 2012, decreased to Rs 7,370 per sq.ft in 2017, increased to Rs 11,000 per sq.ft in 2023, and is now Rs 12,000 per sq.ft in 2024.

What is the stamp duty rate for properties in Kailash Colony?

The stamp duty rate for properties in Kailash Colony is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Kailash Colony?

The Sub Registrar Office for Kailash Colony is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the median guideline value for streets in Padi?

The median guideline value for streets in Padi is Rs 3,800 per sq.ft, with Kailash Colony (North Main Road) being above this median at Rs 12,000 per sq.ft.