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Guideline Value

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Guideline Value for RADIAL HOUSE BLOCK NO.7 (PLOT NO'S.1 & 12 TO 16)

₹9900/sq.ft.

The guideline value for Radial House Block No.7 (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.7 (plot No's.1 & 12 To 16)

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Radial House Block No.7 (Plot No's.1 & 12 To 16) guideline value

The current guideline value for Radial House Block No.7 (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.7 (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 set at Rs 900 per sq.ft, which increased significantly to Rs 9,000 per sq.ft in 2012, reflecting a rise of 900%. However, from 2012 to 2017, the value decreased to Rs 6,030 per sq.ft, marking a drop of 33%. The value then rose again to Rs 9,000 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 9,900 per sq.ft in 2024.

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

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as of 2024. The median value for these streets is Rs 3,800 per sq.ft, placing Radial House Block No.7 above this median.

Stamp duty and registration fee for property in Radial House Block No.7 (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, and 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.

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

Which Sub Registrar Office covers Radial House Block No.7 (Plot No's.1 & 12 To 16)?

The Sub Registrar Office that covers Radial House Block No.7 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 when registering property in Padi. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Radial House Block No.7?

The current guideline value for Radial House Block No.7 (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 from Rs 900 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, reflecting a total increase of 1000% over the years.

What is the classification of the land in Radial House Block No.7?

The land in Radial House Block No.7 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 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, a property valued at Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at a rate of 7%.