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Guideline Value

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Guideline Value for PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' (Kovil Land)

₹2500/sq.ft.

The guideline value for Pasumpon Devar Nagar 'amman Koil Street' (kovil Land) 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 Pasumpon Devar Nagar 'amman Koil Street' (kovil Land)

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PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' (Kovil Land) guideline value

The current guideline value of PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' (Kovil Land) is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the Villivakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' (Kovil Land) has changed

The guideline value for PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' has undergone several revisions over the years. The 2012 revision recorded a guideline value of Rs 2,300 per sq.ft, which then decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a decline of 33%. In the subsequent 2023 revision, the value increased to Rs 2,300 per sq.ft, and the latest 2024 revision shows a further increase to Rs 2,500 per sq.ft, reflecting a rise of 9% from the previous year.

Overall, from the 2012 revision to the 2024 revision, 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 a total of 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 for these streets is Rs 3,800 per sq.ft, indicating that the 2024 figure for PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' is below this median.

Stamp duty and registration fee for property in PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' (Kovil Land)

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 or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' (Kovil Land)?

The Sub Registrar Office that covers PASUMPON DEVAR NAGAR 'AMMAN KOIL 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

The guideline value is a crucial factor in property transactions in Padi, as it determines the amount of stamp duty and registration fees that buyers and sellers must pay. When a property is registered, the guideline value is used to assess the applicable charges, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET'?

The current guideline value of PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' (Kovil Land) 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 back 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 PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET'?

PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,00,000, the stamp duty would be 7% of that amount.