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Guideline Value

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

₹3800/sq.ft.

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

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Kumaran Nagar Ext - I "rajaji Street" guideline value

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

The guideline value for Kumaran Nagar Ext - I "rajaji Street" has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,650 per sq.ft. This value increased significantly to Rs 3,500 per sq.ft in 2012, marking a 112% increase. However, it then dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and most recently, it has increased to Rs 3,800 per sq.ft in 2024, which is a 9% rise from the previous year.

There are no recorded figures for Kumaran Nagar Ext - I "rajaji Street" in the years 2002 and 2003. 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 current guideline value for Kumaran Nagar Ext - I "rajaji Street".

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

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value totals Rs 38,00,000. The stamp duty at 7% amounts to Rs 2,66,000, and the registration fee at 2% is Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to property transactions.

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

The Sub Registrar Office that covers Kumaran Nagar Ext - I "rajaji 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 details.

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

The guideline value is a critical factor in property transactions, as it helps determine the stamp duty and registration fees applicable during the sale or purchase of property. When registering a property, the guideline value or the sale price is considered, and the higher amount is used to calculate the fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

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

The current guideline value of Kumaran Nagar Ext - I "rajaji 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 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 property transactions in Kumaran Nagar Ext - I "rajaji Street"?

The Villivakkam Sub Registrar Office is responsible for property transactions in Kumaran Nagar Ext - I "rajaji Street", located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Kumaran Nagar Ext - I "rajaji Street"?

The land classification for Kumaran Nagar Ext - I "rajaji Street" is Residential Class IV Type - I.