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Guideline Value

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Guideline Value for KALAIVANAR NAGAR "POONIAMMAN KOIL STREET"

₹2200/sq.ft.

The guideline value for Kalaivanar Nagar "pooniamman Koil 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 "pooniamman Koil Street"

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Kalaivanar Nagar "pooniamman Koil Street" guideline value

The current guideline value of Kalaivanar Nagar "pooniamman Koil 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 falls under the Residential Class V Type - II land classification.

How the guideline value of Kalaivanar Nagar "pooniamman Koil Street" has changed

The guideline value for this street has seen several revisions over the years. The earliest registered figure is from 2007, where the value was Rs 850 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 135% rise. However, the value decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 159%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi, 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 a median value of Rs 3,800 per sq.ft. The guideline value of Kalaivanar Nagar "pooniamman Koil Street" is below this median.

Stamp duty and registration fee for property in Kalaivanar Nagar "pooniamman Koil 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 amount 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, 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 detailed calculations.

Which Sub Registrar Office covers Kalaivanar Nagar "pooniamman Koil Street"?

The Sub Registrar Office that covers Kalaivanar Nagar "pooniamman Koil 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 critical reference point when buying or selling property in Padi. It is used to determine the stamp duty and registration fees applicable during the registration process, ensuring that both parties are aware of the official value set by the government.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value of Kalaivanar Nagar "pooniamman Koil 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, reflecting an overall increase of 159% over the years.

What is the registration office for this street?

The registration office for Kalaivanar Nagar "pooniamman Koil 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 higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.

What are the other streets with the same guideline value in Padi?

Other streets in Padi with the same guideline value of Rs 2,200 per sq.ft include Kalaivanar Nagar "n.S.K.Street", "saraswathy Street", "sithar Cross Street", "muneswaran Kovil Street", and "sithar Street".