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Guideline Value

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Guideline Value for KUMARAN NAGAR EXT - I "NEHRU STREET"

₹3800/sq.ft.

The guideline value for Kumaran Nagar Ext - I "nehru 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 Ext - I "nehru Street"

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Kumaran Nagar Ext - I "nehru Street" guideline value

The current guideline value of Kumaran Nagar Ext - I "nehru 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 Ext - I "nehru Street" has changed

The guideline value for Kumaran Nagar Ext - I "nehru Street" has seen several revisions over the years. In 2007, the guideline value was Rs 1,650 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft. Following this, there was a significant increase to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,800 per sq.ft, marking a 9% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 130%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 112% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017.

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 for these streets is Rs 3,800 per sq.ft, which is also the guideline value for Kumaran Nagar Ext - I "nehru Street".

Stamp duty and registration fee for property in Kumaran Nagar Ext - I "nehru Street"

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 be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total cost 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumaran Nagar Ext - I "nehru Street"?

The Kumaran Nagar Ext - I "nehru Street" falls under 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 critical factor in the registration process when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on a standardized valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that all transactions are fairly assessed based on the prevailing guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kumaran Nagar Ext - I "nehru Street"?

The current guideline value of Kumaran Nagar Ext - I "nehru 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 is the land classification for Kumaran Nagar Ext - I "nehru Street"?

Kumaran Nagar Ext - I "nehru Street" is classified as Residential Class IV Type - I.

Which Sub Registrar Office covers this street?

The Villivakkam Sub Registrar Office covers Kumaran Nagar Ext - I "nehru Street", located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total registration costs would amount to Rs 3,42,000.