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Guideline Value

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Guideline Value for KUMARAN NAGAR "V.O.C.STREET"

₹3800/sq.ft.

The guideline value for Kumaran Nagar "v.o.c.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 "v.o.c.street"

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Kumaran Nagar "v.O.C.Street" guideline value

The current guideline value of Kumaran Nagar "v.O.C.Street" is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kumaran Nagar "v.O.C.Street" has changed

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

Notably, there are no figures available for the revisions in 2002 and 2003 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 equal to the current guideline value of Kumaran Nagar "v.O.C.Street".

Stamp duty and registration fee for property in Kumaran Nagar "v.O.C.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 at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost to 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumaran Nagar "v.O.C.Street"?

The Sub Registrar Office that covers Kumaran Nagar "v.O.C.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 during the registration process when buying or selling property in Padi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kumaran Nagar "v.O.C.Street"?

The current guideline value of Kumaran Nagar "v.O.C.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 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 this period.

What are the other streets in Padi with the same guideline value?

Other streets in Padi with the same guideline value of Rs 3,800 per sq.ft include Kumaran Nagar "thiruvalluvar Street", "thilagar Street", "Sardar Patel Street", and "n.S.C.Bose Road".

What is the registration fee for property in Kumaran Nagar "v.O.C.Street"?

The registration fee for property in Kumaran Nagar "v.O.C.Street" is calculated at 2% of the guideline value. For a property valued at Rs 38,00,000, the registration fee would be Rs 76,000.

Where can I find the Sub Registrar Office for Kumaran Nagar "v.O.C.Street"?

The Sub Registrar Office for Kumaran Nagar "v.O.C.Street" is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information about it online.