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Guideline Value

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Guideline Value for RADIAL HOUSE BLOCK NO.6 (PLOT NO'S.1 & 12 TO 16)

₹9900/sq.ft.

The guideline value for Radial House Block No.6 (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.6 (plot No's.1 & 12 To 16)

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Radial House Block No.6 (Plot No's.1 & 12 To 16) guideline value

The current guideline value for Radial House Block No.6 (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 Villivakkam SRO and is classified as Residential Special Type - II.

How the guideline value of Radial House Block No.6 (Plot No's.1 & 12 To 16) has changed

The guideline value for this property has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012, marking a rise of 900%. However, it then dropped to Rs 6,030 per sq.ft in 2017, reflecting a decrease of 33%. The value continued to rise, reaching Rs 9,000 per sq.ft in 2023, and finally, it increased to Rs 9,900 per sq.ft in 2024, a change of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 1000%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft, where the median value is Rs 3,800 per sq.ft. The guideline value for Radial House Block No.6 is above this median.

Stamp duty and registration fee for property in Radial House Block No.6 (Plot No's.1 & 12 To 16)

For a 1,000 sq.ft plot at the current rate of Rs 9,900 per sq.ft, the guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, resulting in a total of Rs 8,91,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radial House Block No.6 (Plot No's.1 & 12 To 16)?

The Sub Registrar Office that covers Radial House Block No.6 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 critical factor during the registration of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is sold or purchased.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Radial House Block No.6?

The current guideline value for Radial House Block No.6 (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, representing a total increase of 1000% over the years.

What is the land classification for Radial House Block No.6?

Radial House Block No.6 is classified as Residential Special Type - II, indicating its designated use for residential purposes.

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 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, if the guideline value is Rs 99,00,000, the stamp duty would be calculated accordingly.