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Guideline Value

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Guideline Value for KALAIVANAR NAGAR "ALLA STREET"

₹2200/sq.ft.

The guideline value for Kalaivanar Nagar "alla 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 Nagar "alla Street"

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Kalaivanar Nagar "alla Street" guideline value

The current guideline value of Kalaivanar Nagar "alla 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 is classified as Residential Class V Type - II.

How the guideline value of Kalaivanar Nagar "alla Street" has changed

Over the years, the guideline value of Kalaivanar Nagar "alla Street" has seen several revisions. In 2007, the guideline value was Rs 850 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 1,340 per sq.ft. The value then rose significantly to Rs 2,000 per sq.ft in 2023, marking a 49% increase from the previous revision. The latest revision in 2024 shows a further increase to Rs 2,200 per sq.ft, which is a 10% rise from 2023.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Padi

In Padi village, there are a total of 354 streets under the Villivakkam SRO, with guideline values 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 the 2024 figure for Kalaivanar Nagar "alla Street" below that median.

Stamp duty and registration fee for property in Kalaivanar Nagar "alla 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, leading to a total of 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 specific calculations.

Which Sub Registrar Office covers Kalaivanar Nagar "alla Street"?

The Sub Registrar Office that covers Kalaivanar Nagar "alla Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Padi. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers should be aware that the guideline value may influence the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees. It is essential for both parties to understand that the final duty is based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalaivanar Nagar "alla Street"?

The current guideline value of Kalaivanar Nagar "alla 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 from Rs 850 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 159% over the years.

What is the stamp duty for property in Kalaivanar Nagar "alla Street"?

The stamp duty for property in Kalaivanar Nagar "alla Street" is 7% of the guideline value or sale price, whichever is higher.

Where is the Villivakkam Sub Registrar Office located?

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

What is the land classification of Kalaivanar Nagar "alla Street"?

Kalaivanar Nagar "alla Street" is classified as Residential Class V Type - II, which is relevant for determining its guideline value.