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Guideline Value

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

₹3800/sq.ft.

The guideline value for Kumaran Nagar Ext - Ii "mullai 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 N/A
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 "mullai Street"

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Kumaran Nagar Ext - II "mullai Street" guideline value

The current guideline value of Kumaran Nagar Ext - II "mullai 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 "mullai Street" has changed

The guideline value for Kumaran Nagar Ext - II "mullai Street" has seen several revisions over the years. In 2012, the guideline value was Rs 3,500 per sq.ft. This figure decreased to Rs 2,345 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the guideline value back up to Rs 3,500 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 3,800 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Padi

In Padi, there are a total of 354 streets under the Villivakkam SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, which is equal to the current figure for Kumaran Nagar Ext - II "mullai Street".

Stamp duty and registration fee for property in Kumaran Nagar Ext - II "mullai 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 fees 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 also use the stamp duty and registration fee calculator for more details.

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

The Kumaran Nagar Ext - II "mullai Street" falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 plays a crucial role in the registration process when buying or selling property in Padi. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, the guideline value is used to determine the applicable fees based on the current rates. This ensures that all transactions are conducted transparently and in accordance with the legal framework.

Frequently asked questions

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

The current guideline value of Kumaran Nagar Ext - II "mullai 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 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024, reflecting a 9% increase. It was Rs 2,345 per sq.ft in 2017, which was a 49% increase from the previous value of Rs 3,500 in 2012.

What is the registration office for Kumaran Nagar Ext - II "mullai Street"?

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

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Kumaran Nagar Ext - II "mullai Street" is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Are there other streets with the same guideline value in Padi?

Yes, there are several other streets in Padi that share the same guideline value of Rs 3,800 per sq.ft for 2024, including Kumaran Nagar Ext - II "marutham Street", "pillaiyar Koil Street", "manickavasagar Street", "rajendraprasad Street", "kurunji Street", and "thendral Street".