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Guideline Value

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Guideline Value for PADI PUDU NAGAR "MEDI MIX AVENUE"

₹2500/sq.ft.

The guideline value for Padi Pudu Nagar "medi Mix Avenue" in Padi village (Villivakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /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 Padi Pudu Nagar "medi Mix Avenue"

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Padi Pudu Nagar "medi Mix Avenue" guideline value

The current guideline value of Padi Pudu Nagar "medi Mix Avenue" is Rs 2,500 per sq.ft, effective from 1 July 2024. This area is located in Padi village under the Villivakkam SRO and is classified as Residential Class V Type - I.

How the guideline value of Padi Pudu Nagar "medi Mix Avenue" has changed

The guideline value has undergone several revisions over the years. The earliest recorded figure for this street is from 2012, which was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017. The 2023 revision saw an increase to Rs 2,300 per sq.ft, and the latest revision in 2024 set the value at Rs 2,500 per sq.ft, marking a 9% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the period from 2012 to 2017 saw a decline of 33%. Overall, from 2012 to 2024, 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 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, with a median value of Rs 3,800 per sq.ft. The guideline value for Padi Pudu Nagar "medi Mix Avenue" is below this median.

Stamp duty and registration fee for property in Padi Pudu Nagar "medi Mix Avenue"

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Padi Pudu Nagar "medi Mix Avenue"?

The Sub Registrar Office that covers Padi Pudu Nagar "medi Mix Avenue" 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 a crucial factor during property registration in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid by the buyer. When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value.

Buyers and sellers should be aware that the guideline value can impact the overall cost of the transaction. It is advisable to consult with local authorities or real estate professionals to understand how these values may affect individual property transactions.

Frequently asked questions

What is the current guideline value of Padi Pudu Nagar "medi Mix Avenue"?

The current guideline value of Padi Pudu Nagar "medi Mix Avenue" is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,500 per sq.ft in 2024.

What is the land classification for Padi Pudu Nagar "medi Mix Avenue"?

Padi Pudu Nagar "medi Mix Avenue" is classified as Residential Class V Type - I.

What are the stamp duty and registration fees for properties in Padi?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2% of the guideline value or sale price.

Which office handles the registration for Padi Pudu Nagar "medi Mix Avenue"?

The Villivakkam Sub Registrar Office handles the registration for Padi Pudu Nagar "medi Mix Avenue". The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.