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Guideline Value

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Guideline Value for KUMARAN NAGAR "MAHATMA GANDHI ROAD"

₹4900/sq.ft.

The guideline value for Kumaran Nagar "mahatma Gandhi Road" in Padi village (Villivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1650 /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 Kumaran Nagar "mahatma Gandhi Road"

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Kumaran Nagar "mahatma Gandhi Road" guideline value

The current guideline value of Kumaran Nagar "mahatma Gandhi Road" is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Kumaran Nagar "mahatma Gandhi Road" has changed

The guideline value for Kumaran Nagar "mahatma Gandhi Road" has seen several revisions over the years. In 2007, the value was Rs 1,650 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then dropped to Rs 3,015 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 4,500 per sq.ft, and in the latest revision for 2024, it has further increased to Rs 4,900 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

In summary, the changes in guideline value are as follows: from 2007 to 2012, there was an increase of 173%; a decrease of 33% occurred from 2012 to 2017; an increase of 49% from 2017 to 2023; and finally, a rise of 9% from 2023 to 2024. Overall, the guideline value has increased by 197% from 2007 to 2024.

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. The median guideline value for these streets is Rs 3,800 per sq.ft, making the current value of Kumaran Nagar "mahatma Gandhi Road" above this median.

Stamp duty and registration fee for property in Kumaran Nagar "mahatma Gandhi Road"

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, leading to a total of Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kumaran Nagar "mahatma Gandhi Road"?

The Sub Registrar Office that covers Kumaran Nagar "mahatma Gandhi Road" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction adheres to legal requirements.

Frequently asked questions

What is the current guideline value of Kumaran Nagar "mahatma Gandhi Road"?

The current guideline value of Kumaran Nagar "mahatma Gandhi Road" is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, with several revisions in between. Notably, there was a significant increase of 197% from 2007 to 2024.

What are the other streets in Padi with their guideline values?

Other streets in Padi include Kumaran Nagar "logamanya Thilagar Street" and "kattapomman Street," both at Rs 3,800 per sq.ft, and Kumaran Nagar Main Road at Rs 4,900 per sq.ft in 2024.

What is the stamp duty for property in Kumaran Nagar "mahatma Gandhi Road"?

The stamp duty for property in Kumaran Nagar "mahatma Gandhi Road" is 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000.

Where can I find the Sub Registrar Office for Kumaran Nagar "mahatma Gandhi Road"?

The Villivakkam Sub Registrar Office covers Kumaran Nagar "mahatma Gandhi Road" and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information online.