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Guideline Value

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Guideline Value for KUMARAN NAGAR EXT - II "PILLAIYAR KOIL STREET"

₹3800/sq.ft.

The guideline value for Kumaran Nagar Ext - Ii "pillaiyar Koil 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 "pillaiyar Koil Street"

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Kumaran Nagar Ext - II "pillaiyar Koil Street" guideline value

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

The guideline value for Kumaran Nagar Ext - II "pillaiyar Koil Street" has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then decreased to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,500 per sq.ft in the 2023 revision, and then to Rs 3,800 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 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 across these streets is Rs 3,800 per sq.ft, placing Kumaran Nagar Ext - II "pillaiyar Koil Street" at the median value.

Stamp duty and registration fee for property in Kumaran Nagar Ext - II "pillaiyar Koil 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 charges to Rs 3,42,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Kumaran Nagar Ext - II "pillaiyar Koil Street" is 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 is an essential factor when registering property transactions in Padi. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in the registration process, as it reflects the prevailing market conditions for the specific area.

Frequently asked questions

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

The current guideline value of Kumaran Nagar Ext - II "pillaiyar Koil 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, marking a 9% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for Kumaran Nagar Ext - II "pillaiyar Koil Street"?

Kumaran Nagar Ext - II "pillaiyar Koil Street" is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

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

How is stamp duty calculated for properties in Kumaran Nagar Ext - II "pillaiyar Koil Street"?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000.