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Guideline Value

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Guideline Value for KALAIVANAR COLONY 6th STREET

₹2200/sq.ft.

The guideline value for Kalaivanar Colony 6th Street in Padi village (Villivakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class V Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /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 Kalaivanar Colony 6th Street

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KALAIVANAR COLONY 6th STREET guideline value

The current guideline value for KALAIVANAR COLONY 6th STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, and it falls under the Residential Class V Type - II land classification.

How the guideline value of KALAIVANAR COLONY 6th STREET has changed

The guideline value for KALAIVANAR COLONY 6th STREET has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 850 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 135% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has been set at Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for KALAIVANAR COLONY 6th STREET in the revisions for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Padi

In Padi, 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, with a median value of Rs 3,800 per sq.ft. KALAIVANAR COLONY 6th STREET's 2024 guideline value is below this median.

Stamp duty and registration fee for property in KALAIVANAR COLONY 6th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to 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 KALAIVANAR COLONY 6th STREET?

The Sub Registrar Office that covers KALAIVANAR COLONY 6th STREET 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 crucial factor in the registration process when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a buyer decides to purchase a property, they must consider the guideline value to ensure they are aware of the applicable costs associated with the transaction. This value is essential for the legal documentation and ensures compliance with the local regulations during property registration.

Frequently asked questions

What is the current guideline value for KALAIVANAR COLONY 6th STREET?

The current guideline value for KALAIVANAR COLONY 6th STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 850 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 159% over the years.

What is the guideline value for other streets in Padi?

Other streets in Padi also have a guideline value of Rs 2,200 per sq.ft for 2024, including KALAIVANAR COLONY 5th STREET, 7th STREET, 4th STREET, and others.

How is stamp duty calculated for properties in KALAIVANAR COLONY 6th STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,54,000.

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. You can find more information through the provided link.