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Guideline Value

Corporate

Guideline Value for KALAIVANAR NAGAR MAIN ROAD

₹2500/sq.ft.

The guideline value for Kalaivanar Nagar Main Road in Padi village (Villivakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Main Road

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Kalaivanar Nagar Main Road guideline value

The current guideline value of Kalaivanar Nagar Main Road is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Kalaivanar Nagar Main Road has changed

The guideline value for Kalaivanar Nagar Main Road has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017. In 2023, the guideline value increased to Rs 2,300 per sq.ft, and the latest revision in 2024 sets it at Rs 2,500 per sq.ft.

From 2017 to 2023, the guideline value rose by 49%. The change from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that have 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 for Kalaivanar Nagar Main Road is below this median.

Stamp duty and registration fee for property in Kalaivanar Nagar Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaivanar Nagar Main Road?

The Sub Registrar Office that covers Kalaivanar Nagar Main Road 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 an essential factor during the registration of property transactions in Padi. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these charges are based on an official valuation of the property.

When buying or selling property, the guideline value helps in determining the legal and financial obligations associated with the transaction. It is crucial for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Kalaivanar Nagar Main Road?

The current guideline value of Kalaivanar Nagar Main Road is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,500 per sq.ft in 2024.

What is the land classification for Kalaivanar Nagar Main Road?

Kalaivanar Nagar Main Road is classified as Residential Class V Type - I.

How does the guideline value in Padi compare to other streets?

The guideline value for Kalaivanar Nagar Main Road is below the median of Rs 3,800 per sq.ft for the 354 streets in Padi under the Villivakkam SRO. Other streets in Padi have values ranging from Rs 2,200 to Rs 13,200 per sq.ft.

What are the fees for registration in Padi?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 2,25,000 in fees based on the current guideline value.