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Guideline Value

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

₹3800/sq.ft.

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

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Kumaran Nagar Ext - II "vasantham Street" guideline value

The current guideline value of Kumaran Nagar Ext - II "vasantham Street" is Rs 3,800 per sq.ft, effective from the 2024 revision. 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 "vasantham Street" has changed

The guideline value for Kumaran Nagar Ext - II "vasantham Street" has seen several revisions over the years. In the 2007 revision, the value was Rs 1,650 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a 112% rise. However, this value dropped to Rs 2,345 per sq.ft in the 2017 revision, representing a decrease of 33%.

From the 2017 revision to the 2023 revision, the guideline value rose to Rs 3,500 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 3,800 per sq.ft, which is a 9% increase from the previous year. 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, with the 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value is Rs 3,800 per sq.ft, which is equal to the current guideline value of Kumaran Nagar Ext - II "vasantham Street".

Stamp duty and registration fee for property in Kumaran Nagar Ext - II "vasantham 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Kumaran Nagar Ext - II "vasantham 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 serves as a benchmark for property transactions in Padi. It is used to calculate the stamp duty and registration fees during the registration process, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to refer to the current guideline value to determine the financial obligations associated with the transaction. This helps both buyers and sellers understand the costs involved in the registration process.

Frequently asked questions

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

The current guideline value of Kumaran Nagar Ext - II "vasantham Street" is Rs 3,800 per sq.ft, effective from the 2024 revision.

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, marking a significant overall increase of 130% over the years.

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

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

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 thiru.VI.Ka.Street, kamaraj Street, thendral Street, kambar Street, rajendraprasad Street, and nehru Street.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.