Guideline Value

Corporate

Guideline Value for T.V.S.AVENUE 37th STREET

₹6600/sq.ft.

The guideline value for T.v.s.avenue 37th Street in Padi village (Villivakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1900 /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 T.v.s.avenue 37th Street

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T.V.S.AVENUE 37th STREET guideline value

The current guideline value of T.V.S.AVENUE 37th 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 is classified as Residential Class II Type - III.

How the guideline value of T.V.S.AVENUE 37th STREET has changed

The guideline value for T.V.S.AVENUE 37th STREET has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,900 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a 216% rise. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, which was a 33% drop. The value then rose sharply to Rs 6,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for T.V.S.AVENUE 37th STREET. Overall, from 2007 to 2024, the guideline value has increased by 247%.

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 37th STREET's guideline value of Rs 6,600 per sq.ft is above this median.

Stamp duty and registration fee for property in T.V.S.AVENUE 37th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, resulting in a total of Rs 5,94,000. 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 T.V.S.AVENUE 37th STREET?

The Sub Registrar Office that covers T.V.S.AVENUE 37th STREET 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 is a crucial factor when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with legal and financial obligations.

When a property is registered, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of T.V.S.AVENUE 37th STREET?

The current guideline value of T.V.S.AVENUE 37th STREET is Rs 6,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,900 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, which is a total increase of 247% over the years.

What is the land classification of T.V.S.AVENUE 37th STREET?

T.V.S.AVENUE 37th STREET is classified as Residential Class II Type - III, indicating its suitability for residential development.

How is the stamp duty calculated for properties in T.V.S.AVENUE 37th STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000.

Where can I find more information about the Sub Registrar Office?

The Villivakkam Sub Registrar Office covers T.V.S.AVENUE 37th STREET. More information can be found by visiting the appropriate link to find your SRO.