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Guideline Value

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Guideline Value for KUMARAN NAGAR "N.S.C.BOSE ROAD"

₹3800/sq.ft.

The guideline value for Kumaran Nagar "n.s.c.bose Road" in Padi village (Villivakkam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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 "n.s.c.bose Road"

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Kumaran Nagar "n.S.C.Bose Road" guideline value

The current guideline value for Kumaran Nagar "n.S.C.Bose Road" is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the Villivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kumaran Nagar "n.S.C.Bose Road" has changed

The guideline value for Kumaran Nagar "n.S.C.Bose Road" has seen several revisions over the years. The earliest recorded revision was in 2007, when the value was Rs 1,650 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking an increase of 112%. However, the value then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The 2023 revision brought the value up to Rs 3,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,800 per sq.ft, reflecting a 9% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 130%. The register does not contain figures for the years 2002 and 2003 for this 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. The median value is Rs 3,800 per sq.ft, which is equal to the guideline value of Kumaran Nagar "n.S.C.Bose Road".

Stamp duty and registration fee for property in Kumaran Nagar "n.S.C.Bose Road"

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000. Together, the total cost for these fees would be Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran Nagar "n.S.C.Bose Road"?

The Sub Registrar Office that covers Kumaran Nagar "n.S.C.Bose Road" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 plays a crucial role in the registration process when buying or selling property in Padi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the state.

When a property is sold, the buyer and seller must adhere to the guideline value to determine the applicable fees. This ensures transparency in property transactions and helps in maintaining a standardized approach to property valuation in the region.

Frequently asked questions

What is the current guideline value for Kumaran Nagar "n.S.C.Bose Road"?

The current guideline value for Kumaran Nagar "n.S.C.Bose Road" is Rs 3,800 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 1,650 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 130% over the years.

What is the land classification for Kumaran Nagar "n.S.C.Bose Road"?

Kumaran Nagar "n.S.C.Bose Road" is classified as Residential Class IV Type - I, indicating its designation for residential use.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated in Kumaran Nagar "n.S.C.Bose Road"?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 38,00,000, the stamp duty would be Rs 2,66,000 at a rate of 7%.