Guideline Value for T.M.P.NAGAR

T.M.P.Nagar guideline value

The current guideline value for T.M.P.Nagar, located in Padi village under the Villivakkam SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - III.

How the guideline value of T.M.P.Nagar has changed

The guideline value for T.M.P.Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 333 per sq.ft. This increased to Rs 375 per sq.ft in 2003, marking a rise of 13%. The value then jumped significantly to Rs 850 per sq.ft in 2007, reflecting an increase of 127%. By 2012, the guideline value was Rs 2,700 per sq.ft, which was a substantial increase of 218% from the previous revision. However, this value decreased to Rs 1,809 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value rose again to Rs 2,700 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,800 per sq.ft, which is a 4% increase. Overall, from 2002 to 2024, the guideline value has increased by 741%.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value for the village is Rs 3,800 per sq.ft, indicating that T.M.P.Nagar's current value is below this median.

• T.N.H.B.Shopping Complex Thirumangalam Junction (Near Asiad Colony): Rs 8,200 per sq.ft (2024)
• T.S.Krishna Nagar: Rs 7,100 per sq.ft (2024)
• T.V.S.Avenue 33rd Street: Rs 6,600 per sq.ft (2024)
• T.V.S.Avenue 34th Street: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 35th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 36th STREET: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in T.M.P.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.M.P.Nagar?

The Sub Registrar Office that covers T.M.P.Nagar is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when buying or selling property in Padi, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during property transactions.

When you register a property, the stamp duty is charged based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the guideline value register.

Frequently asked questions

What is the current guideline value for T.M.P.Nagar?

The current guideline value for T.M.P.Nagar is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 333 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 741%.

What is the land classification for T.M.P.Nagar?

The land classification for T.M.P.Nagar is Residential Class IV Type - III.

What are the stamp duty and registration fees for a property in T.M.P.Nagar?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles property registrations in T.M.P.Nagar?

The Villivakkam Sub Registrar Office handles property registrations in T.M.P.Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.