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Guideline Value

Corporate

Guideline Value for PADI BALAJI NAGAR 3rd STREET

₹5400/sq.ft.

The guideline value for Padi Balaji Nagar 3rd Street in Padi village (Villivakkam SRO, Chennai zone) is Rs 5400 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5400 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /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 Padi Balaji Nagar 3rd Street

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PADI BALAJI NAGAR 3rd STREET guideline value

The current guideline value of PADI BALAJI NAGAR 3rd STREET is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of PADI BALAJI NAGAR 3rd STREET has changed

The guideline value for PADI BALAJI NAGAR 3rd STREET has seen significant changes over the years. In 2007, the value was Rs 900 per sq.ft, which increased dramatically to Rs 5,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 3,350 per sq.ft in 2017. From 2017 to 2023, there was a notable increase of 49%, bringing the value to Rs 5,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 5,400 per sq.ft, reflecting an 8% increase from the previous year.

The register does not contain figures for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value in Padi is Rs 3,800 per sq.ft, placing PADI BALAJI NAGAR 3rd STREET above this median.

Stamp duty and registration fee for property in PADI BALAJI NAGAR 3rd STREET

For a 1,000 sq.ft plot at the current rate of Rs 5,400 per sq.ft, the guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, totaling Rs 4,86,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for additional calculations.

Which Sub Registrar Office covers PADI BALAJI NAGAR 3rd STREET?

The Sub Registrar Office covering PADI BALAJI NAGAR 3rd 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 information.

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

When buying or selling property in Padi, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and serves as a benchmark for assessing the value of properties in the area.

At the time of registration, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of PADI BALAJI NAGAR 3rd STREET?

The current guideline value of PADI BALAJI NAGAR 3rd STREET is Rs 5,400 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 900 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, marking a 500% increase over the years.

What are the other streets in Padi with the same guideline value?

Other streets in Padi that share the same guideline value of Rs 5,400 per sq.ft include PADI BALAJI NAGAR 1st STREET, PADI BALAJI NAGAR 2nd STREET, Padi Balaji Nagar "kuppusamy Street", and Padi Balaji Nagar (Opp.Tvs Group Companies).

What is the registration office for PADI BALAJI NAGAR 3rd STREET?

The registration office for PADI BALAJI NAGAR 3rd STREET 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 BALAJI NAGAR 3rd STREET?

Stamp duty for properties in PADI BALAJI NAGAR 3rd STREET is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.