Guideline Value

Corporate

Guideline Value for T.V.S.COLONY 42nd STREET

₹8700/sq.ft.

The guideline value for T.v.s.colony 42nd Street 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 ₹2960 /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.colony 42nd Street

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T.V.S.COLONY 42nd STREET guideline value

The current guideline value of T.V.S.COLONY 42nd STREET is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO, classified as Residential Special Type - III.

How the guideline value of T.V.S.COLONY 42nd STREET has changed

The guideline value for T.V.S.COLONY 42nd STREET has seen several revisions over the years. In 2007, the value was Rs 2,960 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012. However, this value decreased to Rs 5,360 per sq.ft in 2017. The next revision in 2023 brought the value back up to Rs 8,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 8,700 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a significant increase of 49%, and from 2023 to 2024, the guideline value rose by 9%. Overall, the guideline value has increased by 194% from 2007 to 2024, reflecting notable changes over the years.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, positioning T.V.S.COLONY 42nd STREET above this median.

Stamp duty and registration fee for property in T.V.S.COLONY 42nd STREET

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, and the registration fee at 2% would be Rs 1,74,000, making the total fees together Rs 7,83,000. 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.COLONY 42nd STREET?

The Sub Registrar Office that covers T.V.S.COLONY 42nd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 during the registration of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the current market standards set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This value is essential for ensuring transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 42nd STREET?

The current guideline value of T.V.S.COLONY 42nd STREET 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 significantly, from Rs 2,960 per sq.ft in 2007 to Rs 8,700 per sq.ft in 2024, reflecting an overall increase of 194% over the years.

What is the land classification for T.V.S.COLONY 42nd STREET?

T.V.S.COLONY 42nd STREET is classified as Residential Special Type - III, indicating its intended use for residential purposes.

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 the stamp duty calculated for property transactions?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable on the guideline value.