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Guideline Value

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

₹3800/sq.ft.

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

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Kumaran Nagar Ext - II "rajendraprasad Street" guideline value

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

The guideline value for Kumaran Nagar Ext - II "rajendraprasad 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, this was followed by a decrease to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,800 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 130%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with guideline values for 2024 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 equal to the current value of Kumaran Nagar Ext - II "rajendraprasad Street".

Stamp duty and registration fee for property in Kumaran Nagar Ext - II "rajendraprasad Street"

For a 1,000 sq.ft plot at the current guideline value, 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 duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Kumaran Nagar Ext - II "rajendraprasad 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 plays a crucial role 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 when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kumaran Nagar Ext - II "rajendraprasad 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. Notable changes include a decrease to Rs 2,345 per sq.ft in 2017 and an increase to Rs 3,500 per sq.ft in 2023.

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

Kumaran Nagar Ext - II "rajendraprasad Street" is classified as Residential Class IV Type - I, indicating its use for residential purposes.

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

For a property valued at the current guideline value of Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles registrations for properties in Kumaran Nagar Ext - II "rajendraprasad Street"?

The Villivakkam Sub Registrar Office handles registrations for properties in Kumaran Nagar Ext - II "rajendraprasad Street". The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.