Guideline Value

Corporate

Guideline Value for T.V.S.COLONY 2ND MAIN ROAD

₹8700/sq.ft.

The guideline value for T.v.s.colony 2nd Main Road in Padi village (Villivakkam SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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.colony 2nd Main Road

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T.V.S.Colony 2nd Main Road guideline value

The current guideline value of T.V.S.Colony 2nd Main Road is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO and is classified as Residential Special Type - III.

How the guideline value of T.V.S.Colony 2nd Main Road has changed

The guideline value for T.V.S.Colony 2nd Main Road has seen several revisions over the years. In 2012, the guideline value was Rs 8,000 per sq.ft, which decreased to Rs 5,360 per sq.ft in 2017. Following this, the value increased significantly to Rs 8,000 per sq.ft in 2023 and further rose to Rs 8,700 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 9% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 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. The median guideline value in this area is Rs 3,800 per sq.ft, placing T.V.S.Colony 2nd Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in T.V.S.Colony 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, while the registration fee at 2% would be Rs 1,74,000. The total cost for these fees would be Rs 7,83,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers T.V.S.Colony 2nd Main Road?

The T.V.S.Colony 2nd Main Road falls under the Villivakkam Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 in the property registration process in Padi. It determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction value, ensuring that the government receives the appropriate taxes. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of T.V.S.Colony 2nd Main Road?

The current guideline value of T.V.S.Colony 2nd Main Road is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,000 per sq.ft in 2012 to Rs 5,360 per sq.ft in 2017, then increased to Rs 8,000 per sq.ft in 2023, and finally to Rs 8,700 per sq.ft in 2024.

What is the land classification for T.V.S.Colony 2nd Main Road?

T.V.S.Colony 2nd Main Road is classified as Residential Special Type - III under the current regulations.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, on a property valued at Rs 87,00,000, the total fees would be Rs 7,83,000.

Which Sub Registrar Office covers the T.V.S.Colony area?

The Villivakkam Sub Registrar Office covers the T.V.S.Colony area, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.