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Guideline Value

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Guideline Value for KUMARAN NAGAR "RAJA RAJAN STREET"

₹4400/sq.ft.

The guideline value for Kumaran Nagar "raja Rajan Street" in Padi village (Villivakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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 "raja Rajan Street"

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Kumaran Nagar "raja Rajan Street" guideline value

The current guideline value of Kumaran Nagar "raja Rajan Street" is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, and it falls under the Residential Class III Type - III land classification.

How the guideline value of Kumaran Nagar "raja Rajan Street" has changed

The guideline value for Kumaran Nagar "raja Rajan Street" has seen several revisions over the years. The most recent revision in 2024 increased the value to Rs 4,400 per sq.ft from Rs 4,000 per sq.ft in 2023, marking a 10% increase. Prior to that, the value was Rs 2,680 per sq.ft in 2017, which indicates a significant increase of 49% from the previous revision in 2023. The 2012 revision had the value set at Rs 4,000 per sq.ft, which was a decrease of 33% from Rs 2,680 per sq.ft in 2017. The value in 2007 was Rs 1,650 per sq.ft, which had increased by 142% to reach Rs 4,000 per sq.ft in 2012.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, the guideline value has increased by 167% from Rs 1,650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024.

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. The median value for these streets is Rs 3,800 per sq.ft, placing Kumaran Nagar "raja Rajan Street" above the median with its current guideline value of Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in Kumaran Nagar "raja Rajan Street"

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran Nagar "raja Rajan Street"?

The Sub Registrar Office that covers Kumaran Nagar "raja Rajan 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 crucial factor in the registration process when buying or selling property in Padi. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it influences the overall cost of registration. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kumaran Nagar "raja Rajan Street"?

The current guideline value of Kumaran Nagar "raja Rajan Street" is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 167% over the years.

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

Other streets in Padi include Kumaran Nagar "Sardar Patel Street", "thilagar Street", "thiruvalluvar Street", "n.S.C.Bose Road", and "nethaji Street", all valued at Rs 3,800 per sq.ft in 2024, while Kumaran Nagar Main Road is valued at Rs 4,900 per sq.ft.

What is the registration office for Kumaran Nagar "raja Rajan Street"?

The registration office for Kumaran Nagar "raja Rajan Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 44,00,000, the stamp duty would be calculated at 7% of that value.