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Guideline Value

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Guideline Value for RADIAL HOUSE BLOCK NO.1 (PLOT NO'S.1 & 12 TO 16)

₹9900/sq.ft.

The guideline value for Radial House Block No.1 (plot No's.1 & 12 To 16) 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 ₹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 Radial House Block No.1 (plot No's.1 & 12 To 16)

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Radial House Block No.1 (Plot No's.1 & 12 To 16) guideline value

The current guideline value for Radial House Block No.1 (Plot No's.1 & 12 To 16) is Rs 9,900 per sq.ft, effective from 1 July 2024. This property is located in Padi village, under the jurisdiction of the Villivakkam SRO, and falls under the land classification of Residential Special Type - II.

How the guideline value of Radial House Block No.1 (Plot No's.1 & 12 To 16) has changed

The guideline value for this property has undergone several revisions over the years. Starting with the 2007 revision, the value was set at Rs 900 per sq.ft. This figure saw a significant increase to Rs 9,000 per sq.ft in the 2012 revision, which marked a 900% rise. However, it then decreased to Rs 6,030 per sq.ft in the 2017 revision, reflecting a 33% drop. The value rose again to Rs 9,000 per sq.ft in the 2023 revision, and most recently, it has increased to Rs 9,900 per sq.ft in the 2024 revision, representing a 10% increase.

There are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1000%.

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 value for these streets is Rs 3,800 per sq.ft, making the current guideline value for Radial House Block No.1 above this median.

Stamp duty and registration fee for property in Radial House Block No.1 (Plot No's.1 & 12 To 16)

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, while the registration fee at 2% would be Rs 1,98,000. Together, the total cost for these fees would be Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Radial House Block No.1 (Plot No's.1 & 12 To 16)?

The Sub Registrar Office that covers Radial House Block No.1 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Padi. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to ensure that the guideline value is accurately reflected in the registration documents. This helps in maintaining transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Radial House Block No.1?

The current guideline value for Radial House Block No.1 (Plot No's.1 & 12 To 16) 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 900 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1000% over the years.

What is the land classification for Radial House Block No.1?

Radial House Block No.1 (Plot No's.1 & 12 To 16) is classified as Residential Special Type - II.

Where can I find the Villivakkam Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 8,91,000.