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Guideline Value

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

₹3800/sq.ft.

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

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Kumaran Nagar Ext - II "marutham Street" guideline value

The current guideline value of Kumaran Nagar Ext - II "marutham Street" is Rs 3,800 per sq.ft. 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 - II "marutham Street" has changed

The guideline value for Kumaran Nagar Ext - II "marutham Street" has seen several revisions over the years. In 2007, the guideline value was Rs 1,650 per sq.ft, which increased significantly 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 substantial 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.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 9%. Overall, from 2007 to 2024, there has been a total increase of 130% in the guideline value for this street.

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 guideline value is Rs 3,800 per sq.ft, which is the same as the current value for Kumaran Nagar Ext - II "marutham Street".

Stamp duty and registration fee for property in Kumaran Nagar Ext - II "marutham 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 to Rs 3,42,000. Please 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 detailed calculations.

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

The Sub Registrar Office that covers Kumaran Nagar Ext - II "marutham 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 an essential factor during the registration of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated based on the established values in the area.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is crucial for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kumaran Nagar Ext - II "marutham Street"?

The current guideline value of Kumaran Nagar Ext - II "marutham 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 - II "marutham Street"?

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

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees amount to Rs 3,42,000 based on the current guideline value.

Which office handles the registration for Kumaran Nagar Ext - II "marutham Street"?

The Villivakkam Sub Registrar Office handles the registration for Kumaran Nagar Ext - II "marutham Street", located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.