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Guideline Value

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Guideline Value for KALAIVANAR NAGAR "N.S.K.STREET"

₹2200/sq.ft.

The guideline value for Kalaivanar Nagar "n.s.k.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 "n.s.k.street"

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Kalaivanar Nagar "n.S.K.Street" guideline value

The current guideline value for Kalaivanar Nagar "n.S.K.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) jurisdiction. The land classification for this area is Residential Class V Type - II.

How the guideline value of Kalaivanar Nagar "n.S.K.Street" has changed

The guideline value for Kalaivanar Nagar "n.S.K.Street" has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 850 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft. It then rose to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has established the current value at Rs 2,200 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by a further increase of 10% from 2023 to 2024. Notably, the overall increase from the 2007 revision to the 2024 revision is 159%. This reflects the changes in the guideline value over the years for Kalaivanar Nagar "n.S.K.Street".

Guideline values in Padi

In 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, with the median value being Rs 3,800 per sq.ft. The guideline value for Kalaivanar Nagar "n.S.K.Street" is below this median.

Stamp duty and registration fee for property in Kalaivanar Nagar "n.S.K.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 and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kalaivanar Nagar "n.S.K.Street"?

The Sub Registrar Office that covers Kalaivanar Nagar "n.S.K.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 online.

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

The guideline value is a crucial factor during the registration of property transactions in Padi. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It ensures that the transaction is conducted at a value that is recognized by the authorities, thereby facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value for Kalaivanar Nagar "n.S.K.Street"?

The current guideline value for Kalaivanar Nagar "n.S.K.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 land classification for this street?

The land classification for Kalaivanar Nagar "n.S.K.Street" is Residential Class V Type - II.

Where can I find the registration office for this area?

The registration office for Kalaivanar Nagar "n.S.K.Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.