Guideline Value

Corporate

Guideline Value for T.V.S.COLONY 44th STREET

₹8700/sq.ft.

The guideline value for T.v.s.colony 44th 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 44th Street

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T.V.S.COLONY 44th STREET guideline value

The current guideline value of T.V.S.COLONY 44th STREET is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, and it is classified as Residential Special Type - III.

How the guideline value of T.V.S.COLONY 44th STREET has changed

Over the years, the guideline value of T.V.S.COLONY 44th STREET has seen significant changes. In the 2007 revision, the guideline value was Rs 2,960 per sq.ft. This increased to Rs 8,000 per sq.ft in the 2012 revision, marking a substantial increase of 170%. However, it decreased to Rs 5,360 per sq.ft in the 2017 revision, a decline of 33%. The value then rose to Rs 8,000 per sq.ft in the 2023 revision, followed by another increase to Rs 8,700 per sq.ft in the 2024 revision, which is a rise of 9%.

Specifically, from 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision shows a remarkable increase of 194%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

Padi village has a total of 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, placing T.V.S.COLONY 44th STREET's 2024 figure above that median.

Stamp duty and registration fee for property in T.V.S.COLONY 44th STREET

For a 1,000 sq.ft plot at the current rate, the 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, bringing the total to Rs 7,83,000. It is important to note that duty is charged on the higher of the guideline value and 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 44th STREET?

The Sub Registrar Office covering T.V.S.COLONY 44th 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 critical factor 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 helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in the property market, as it reflects the official valuation of land in the area.

Frequently asked questions

What is the current guideline value of T.V.S.COLONY 44th STREET?

The current guideline value of T.V.S.COLONY 44th 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 of T.V.S.COLONY 44th STREET?

T.V.S.COLONY 44th STREET is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in T.V.S.COLONY 44th STREET?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 7,83,000, based on the current guideline value of Rs 87,00,000.

Which office handles the registration for T.V.S.COLONY 44th STREET?

The Villivakkam Sub Registrar Office handles the registration for T.V.S.COLONY 44th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.