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Guideline Value

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Guideline Value for KALAIVANAR NAGAR "KARUMARIAMMAN NAGAR"

₹2200/sq.ft.

The guideline value for Kalaivanar Nagar "karumariamman Nagar" 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 "karumariamman Nagar"

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Kalaivanar Nagar "karumariamman Nagar" guideline value

The current guideline value of Kalaivanar Nagar "karumariamman Nagar" is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Padi village, under the jurisdiction of the Villivakkam SRO, and is classified as Residential Class V Type - II.

How the guideline value of Kalaivanar Nagar "karumariamman Nagar" has changed

The guideline value for Kalaivanar Nagar "karumariamman Nagar" has undergone several revisions over the years. In 2007, the guideline value was Rs 850 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this figure dropped to Rs 1,340 per sq.ft in 2017, before rising again to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes, the guideline value increased by 135% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a substantial rise of 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 159%. The register has no figures for the years 2002 and 2003 for this street.

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, indicating that the guideline value for Kalaivanar Nagar "karumariamman Nagar" is below this median.

Stamp duty and registration fee for property in Kalaivanar Nagar "karumariamman Nagar"

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalaivanar Nagar "karumariamman Nagar"?

The Sub Registrar Office that covers Kalaivanar Nagar "karumariamman Nagar" 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 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 amount of stamp duty and registration fees payable. The guideline value is set by the government and is used to assess the value of the property for taxation purposes.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. This ensures that both parties are informed and can make decisions based on accurate financial implications.

Frequently asked questions

What is the current guideline value for Kalaivanar Nagar "karumariamman Nagar"?

The current guideline value for Kalaivanar Nagar "karumariamman Nagar" 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 this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for properties in Kalaivanar Nagar?

The Villivakkam Sub Registrar Office is responsible for handling registrations for properties in Kalaivanar Nagar "karumariamman Nagar".

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees payable during property transactions. It serves as a reference point for assessing property value for taxation purposes.