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Guideline Value

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Guideline Value for KALAIVANAR NAGAR "KRISHNAN STREET"

₹2200/sq.ft.

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

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Kalaivanar Nagar "krishnan Street" guideline value

The current guideline value for Kalaivanar Nagar "krishnan Street" is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam Sub Registrar Office (SRO) and falls under the Residential Class V Type - II land classification.

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

Over the years, the guideline value for Kalaivanar Nagar "krishnan Street" has seen several revisions. The 2007 revision set the value at Rs 850 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2012 revision. However, this was a decrease of 33% from the previous value. The 2017 revision marked a significant increase to Rs 1,340 per sq.ft, followed by a jump to Rs 2,000 per sq.ft in the 2023 revision, which was a 49% increase. The latest revision in 2024 has raised the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, there has been a notable increase of 159% in the guideline value.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,800 per sq.ft, indicating that the current value for Kalaivanar Nagar "krishnan Street" is below this median.

Stamp duty and registration fee for property in Kalaivanar Nagar "krishnan Street"

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, while the registration fee at 2% would be Rs 44,000, bringing the total cost 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.

You can use our stamp duty and registration fee calculator for more precise calculations.

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

The Villivakkam Sub Registrar Office covers Kalaivanar Nagar "krishnan Street". The office is 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

When buying or selling property in Padi, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and is used as a benchmark for property transactions, ensuring that the taxes are calculated fairly based on the property's value.

At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Kalaivanar Nagar "krishnan 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 increased 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 are the other streets in Padi with the same guideline value?

Other streets in Padi under the Villivakkam SRO that share the same guideline value of Rs 2,200 per sq.ft include "k.N.Main Road", 'lakshmi Nagar', "karumariamman Nagar", "evan Street", 'lakshmi Street', and "dharmaraj Street".

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 22,00,000, leading to specific fees that must be paid during registration.