Guideline Value for T.V.S.AVENUE 36th STREET

T.V.S.AVENUE 36th STREET guideline value

The current guideline value of T.V.S.AVENUE 36th STREET is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of T.V.S.AVENUE 36th STREET has changed

Over the years, the guideline value for T.V.S.AVENUE 36th STREET has seen significant changes. The 2007 revision set the value at Rs 1,900 per sq.ft, which then increased to Rs 6,000 per sq.ft in 2012, reflecting a substantial rise of 216%. However, this value decreased to Rs 4,020 per sq.ft in 2017, marking a decline of 33%. The subsequent revisions showed a notable increase, with the value rising to Rs 6,000 per sq.ft in 2023 and then reaching the current rate of Rs 6,600 per sq.ft in 2024, a change of 10% from the previous year.

It is important to note that the register has no figures for T.V.S.AVENUE 36th STREET for the years 2002 and 2003. The overall increase from the 2007 revision to the 2024 revision is 247%, highlighting the significant changes in the guideline value over the years.

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, with a median value of Rs 3,800 per sq.ft. T.V.S.AVENUE 36th STREET's current guideline value of Rs 6,600 per sq.ft is above this median.

• T.V.S.AVENUE 35th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 37th 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 38th STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 33rd STREET: Rs 6,600 per sq.ft (2024)
• T.V.S.AVENUE 39th STREET: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in T.V.S.AVENUE 36th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is essential to note that 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 T.V.S.AVENUE 36th STREET?

T.V.S.AVENUE 36th STREET falls under 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 plays a crucial role in the registration process when buying or selling property in Padi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value or the sale price is considered for charging these fees, depending on which is higher. This ensures that the transaction is recorded accurately and complies with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of T.V.S.AVENUE 36th STREET?

The current guideline value of T.V.S.AVENUE 36th STREET is Rs 6,600 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 1,900 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 247% over the years.

What are the stamp duty and registration fees for property in T.V.S.AVENUE 36th STREET?

For a 1,000 sq.ft plot, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000 based on the current guideline value.

Which Sub Registrar Office covers T.V.S.AVENUE 36th STREET?

T.V.S.AVENUE 36th STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for T.V.S.AVENUE 36th STREET?

The land classification for T.V.S.AVENUE 36th STREET is Residential Class II Type - III, indicating its designated use for residential purposes.