Guideline Value

Corporate

Guideline Value for T.V.S.COLONY 43rd STREET

₹8700/sq.ft.

The guideline value for T.v.s.colony 43rd 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 43rd Street

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T.V.S.COLONY 43rd STREET guideline value

The current guideline value of T.V.S.COLONY 43rd 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. The land classification for this area is Residential Special Type - III.

How the guideline value of T.V.S.COLONY 43rd STREET has changed

Over the years, the guideline value of T.V.S.COLONY 43rd STREET has experienced several revisions. In 2007, the value was Rs 2,960 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 5,360 per sq.ft. The value then rose to Rs 8,000 per sq.ft in 2023, before reaching the current figure of Rs 8,700 per sq.ft in 2024, marking a 9% increase from the previous year.

In summary, the revisions show a substantial increase from Rs 2,960 per sq.ft in 2007 to Rs 8,700 per sq.ft in 2024, which is an overall increase of 194%. The guideline values for the years 2002 and 2003 are not available in the register for this street.

Guideline values in Padi

Within 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. The median value for these streets is Rs 3,800 per sq.ft, indicating that T.V.S.COLONY 43rd STREET's 2024 figure is above this median.

Stamp duty and registration fee for property in T.V.S.COLONY 43rd 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, resulting in a total of Rs 7,83,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.V.S.COLONY 43rd STREET?

The Sub Registrar Office that covers T.V.S.COLONY 43rd 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 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 determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is used to ensure that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 43rd STREET?

The current guideline value of T.V.S.COLONY 43rd STREET is Rs 8,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 2,960 per sq.ft to Rs 8,700 per sq.ft in 2024, representing an overall increase of 194%.

What are the stamp duty and registration fees for a property in T.V.S.COLONY 43rd STREET?

For a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000 and the registration fee would be Rs 1,74,000, totaling Rs 7,83,000.

Which office handles the registration for T.V.S.COLONY 43rd STREET?

The Villivakkam Sub Registrar Office handles the registration for T.V.S.COLONY 43rd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for T.V.S.COLONY 43rd STREET?

The land classification for T.V.S.COLONY 43rd STREET is Residential Special Type - III.