Guideline Value

Corporate

Guideline Value for M.M.M.HOSPITAL ROAD (BAZAAR ROAD)

₹9900/sq.ft.

The guideline value for M.m.m.hospital Road (bazaar Road) in Padi village (Villivakkam SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹900 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹745 /sq.ft.
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 M.m.m.hospital Road (bazaar Road)

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M.M.M.Hospital Road (Bazaar Road) guideline value

The current guideline value of M.M.M.Hospital Road (Bazaar Road) is Rs 9,900 per sq.ft. This road is located in Padi village, under the Villivakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of M.M.M.Hospital Road (Bazaar Road) has changed

The guideline value for M.M.M.Hospital Road (Bazaar Road) has seen several revisions over the years. In 2002, the guideline value was Rs 745 per sq.ft, which increased to Rs 900 per sq.ft in 2003, marking a change of +21%. The value then rose significantly to Rs 2,100 per sq.ft in 2007, reflecting an increase of +133%. Following this, the value jumped to Rs 9,000 per sq.ft in 2012, showing a substantial increase of +329%. However, it decreased to Rs 6,030 per sq.ft in 2017, a drop of -33%. The value then rose again to Rs 9,000 per sq.ft in 2023, before reaching the current value of Rs 9,900 per sq.ft in 2024, which is a change of +10%.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by +1229%.

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 in this area is Rs 3,800 per sq.ft, and M.M.M.Hospital Road (Bazaar Road) is above that median.

Stamp duty and registration fee for property in M.M.M.Hospital Road (Bazaar Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers M.M.M.Hospital Road (Bazaar Road)?

The Sub Registrar Office that covers M.M.M.Hospital Road (Bazaar Road) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Padi

The guideline value is an important factor when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware of the guideline value to ensure compliance with the legal requirements during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue based on the established values for different areas, including M.M.M.Hospital Road (Bazaar Road).

Frequently asked questions

What is the current guideline value of M.M.M.Hospital Road (Bazaar Road)?

The current guideline value of M.M.M.Hospital Road (Bazaar Road) is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 745 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of +1229% over the years.

What is the land classification for M.M.M.Hospital Road (Bazaar Road)?

The land classification for M.M.M.Hospital Road (Bazaar Road) is Residential Special Type - II.

Where can I find the registration office for M.M.M.Hospital Road (Bazaar Road)?

The registration office for M.M.M.Hospital Road (Bazaar Road) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 at a rate of 7%.