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Guideline Value

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Guideline Value for KUMARAN NAGAR "THIRUVALLUVAR STREET"

₹3800/sq.ft.

The guideline value for Kumaran Nagar "thiruvalluvar Street" 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 "thiruvalluvar Street"

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Kumaran Nagar "thiruvalluvar Street" guideline value

The current guideline value for Kumaran Nagar "thiruvalluvar Street" 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 "thiruvalluvar Street" has changed

The guideline value for Kumaran Nagar "thiruvalluvar Street" has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,650 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a 112% rise. However, it then decreased to Rs 2,345 per sq.ft in 2017, which was a 33% drop. The value saw a substantial increase to Rs 3,500 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 130%.

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 the same as the guideline value for Kumaran Nagar "thiruvalluvar Street".

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty is charged at 7%, which totals Rs 2,66,000, and the registration fee is 2%, amounting to Rs 76,000. Together, the total cost for these fees is 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran Nagar "thiruvalluvar Street"?

The Sub Registrar Office that covers Kumaran Nagar "thiruvalluvar Street" 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 details.

How the guideline value is used when you buy or sell in Padi

The guideline value plays a crucial role during the registration of property transactions in Padi. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures that the transaction reflects a fair value in accordance with the established guidelines.

Frequently asked questions

What is the current guideline value for Kumaran Nagar "thiruvalluvar Street"?

The current guideline value for Kumaran Nagar "thiruvalluvar Street" 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 a total increase of 130% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,00,000, the stamp duty is Rs 2,66,000 and the registration fee is Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office handles transactions for this street?

The Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, handles transactions for Kumaran Nagar "thiruvalluvar Street".

What is the land classification for Kumaran Nagar "thiruvalluvar Street"?

Kumaran Nagar "thiruvalluvar Street" is classified as Residential Class IV Type - I, indicating its designation for residential purposes.