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Guideline Value

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Guideline Value for KUMARAN NAGAR EXT - II "MANICKAVASAGAR STREET"

₹3800/sq.ft.

The guideline value for Kumaran Nagar Ext - Ii "manickavasagar 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 - Ii "manickavasagar Street"

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Kumaran Nagar Ext - II "manickavasagar Street" guideline value

The current guideline value for Kumaran Nagar Ext - II "manickavasagar Street" is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Kumaran Nagar Ext - II "manickavasagar Street" has changed

The guideline value for this street has seen 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. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value saw a substantial increase to Rs 3,500 per sq.ft in 2023 before reaching the current value of Rs 3,800 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 9%. The overall change from 2007 to 2024 is a notable increase of 130%. The register has no figures for the years 2002 and 2003 for this street.

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 is Rs 3,800 per sq.ft, making Kumaran Nagar Ext - II "manickavasagar Street" align with this median.

Stamp duty and registration fee for property in Kumaran Nagar Ext - II "manickavasagar 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, calculated at 7%, would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kumaran Nagar Ext - II "manickavasagar Street"?

The Sub Registrar Office covering Kumaran Nagar Ext - II "manickavasagar Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Padi. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during registration.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kumaran Nagar Ext - II "manickavasagar Street"?

The current guideline value for Kumaran Nagar Ext - II "manickavasagar 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 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 Ext - II "kurunji Street", "marutham Street", "mullai Street", "pillaiyar Koil Street", "rajendraprasad Street", and Kumaran Nagar Ext - I.

What fees are associated with buying property in Kumaran Nagar Ext - II "manickavasagar Street"?

When buying property, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value, which can add up to significant amounts depending on the property's size.

Where can I find the Sub Registrar Office for Kumaran Nagar Ext - II "manickavasagar Street"?

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