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Guideline Value

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Guideline Value for KAMARAJ NAGAR (PADIKUPPAM MAIN ROAD)

₹5400/sq.ft.

The guideline value for Kamaraj Nagar (padikuppam Main Road) in Padi village (Villivakkam SRO, Chennai zone) is Rs 5400 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5400 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /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 Kamaraj Nagar (padikuppam Main Road)

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Kamaraj Nagar (Padikuppam Main Road) guideline value

The current guideline value of Kamaraj Nagar (Padikuppam Main Road) is Rs 5,400 per sq.ft, effective from 1 July 2024. This area is located in Padi village, under the Villivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kamaraj Nagar (Padikuppam Main Road) has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a growth of 456%. However, it then decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 5,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 5,400 per sq.ft, an increase of 8% from the previous year.

There are no figures available for the years 2002 and 2003 for this street in the register. Overall, the guideline value has increased by 500% from 2007 to 2024.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, placing Kamaraj Nagar (Padikuppam Main Road) above this median.

Stamp duty and registration fee for property in Kamaraj Nagar (Padikuppam Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value would be Rs 54,00,000. The stamp duty at 7% would amount to Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total to Rs 4,86,000. Please note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers Kamaraj Nagar (Padikuppam Main Road)?

The Kamaraj Nagar (Padikuppam Main Road) area is covered by 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 crucial factor in property transactions in Padi. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar (Padikuppam Main Road)?

The current guideline value of Kamaraj Nagar (Padikuppam Main Road) is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 900 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, marking an overall increase of 500% over the years.

What are the stamp duty and registration fees for property in Kamaraj Nagar?

For a property valued at Rs 54,00,000, the stamp duty would be Rs 3,78,000 and the registration fee would be Rs 1,08,000, totaling Rs 4,86,000.

Which Sub Registrar Office covers Kamaraj Nagar?

The Villivakkam Sub Registrar Office covers Kamaraj Nagar (Padikuppam Main Road), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How does the guideline value affect property transactions in Padi?

The guideline value is used to determine the minimum registration price for properties, influencing the stamp duty and registration fees payable during transactions in Padi.